R-34
07-12-2003, 03:35 PM
NAGOYA, Jun 02, 2003 (Kyodo via COMTEX) -- Toyota Motor Corp. said Monday its longest-operating manufacturing facility in the United States will assemble about 68,000 four-cylinder engines annually for Tacoma pickup trucks from 2005.
The decision to assemble the engines at TABC Inc.'s Long Beach, California, plant is aimed at avoiding currency rate risks, Toyota officials said. The engine parts will be exported from Japan, they said.
Toyota said it will invest a total of about $7 million in TABC for assembling the engines, but that there will be no recruiting in line with the latest step as truck bed production at the Long Beach plant will be moved to a plant in Mexico in 2004.
2003 Kyodo News (C) Established 1945
The decision to assemble the engines at TABC Inc.'s Long Beach, California, plant is aimed at avoiding currency rate risks, Toyota officials said. The engine parts will be exported from Japan, they said.
Toyota said it will invest a total of about $7 million in TABC for assembling the engines, but that there will be no recruiting in line with the latest step as truck bed production at the Long Beach plant will be moved to a plant in Mexico in 2004.
2003 Kyodo News (C) Established 1945