Toyota planning to shift more production of its four-cylinder engines to Alabama

Article by Christian A., on August 26, 2010

In order to make use of excess engine-making capacity at its US factory, Toyota Motor Corp. will shift some of its production of four-cylinder engines from Japan to Alabama. The transfer will cost $147 million and will add 216,000 four-cylinders each year to the mix at Huntsville, Ala., where it already makes V6 and V8 light-truck engines.

It's good news to workers in Huntsville as 240 workers will be hired for the expansion. The four-cylinder engines, which will go into Camrys built in Indiana and RAV4s assembled in Woodstock, Ontario, had been coming in from Japan.

This move is part of Toyota' target to cut $9.42 billion in global costs in the current fiscal year that began April 1.

A net loss of $7.7 billion for the January-March quarter was reported by the company, which added that the result was worsened by a steep rise in the yen's value against the sinking dollar.

Apparently, the exchange-rate shift makes building engines and other components, as well as vehicles, in the United States more attractive.

Another reason that Toyota has for the move is that a part of the US plant has been unused due to the collapse of its Toyota Sequoia SUV and Tundra pickup segments. This prompted Toyota to merge two V-8 engine lines at Huntsville.

If you liked the article, share on:

Comments

Recommended

It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 24, 2017
During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Could this be a special version of Ferrari’s much acclaimed LaFerrari? No matter how we look at it, the patent images for this sports car from Ferrari indicate its striking...
by - February 23, 2017
How fast can a 2017 Chevrolet Camaro ZL1 actually go? Considering the amount of power lurking underneath its line-laden bonnet, the 2017 Camaro ZL1 is capable of achieving a top...
by - February 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries