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Re: Toyota Camrys to be built at USA Subaru plant
GM needed the money. Sure hope Toyota doesn't downgrade its interior
fabrics to Subaru level. I had a 95 Legacy wagon. The ac was inadequate
and the fabric and vinyl door panels were pure junk.
"Built_Well" <bw@bbbb.com> wrote in message
news:uYGdnUXMLqtoWIjZnZ2dnUVZ_sKdnZ2d@sysmatrix.net...[color=blue]
> It looks like Toyota's Georgetown, Kentucky plant can't keep up with
> the demand for Camrys. I guess that's why we've been seeing some Camrys
> in the U.S. coming from Toyota's Tahara and Tsutsumi plants in Japan.
>
> But it looks like the Tsutumi Camrys will be history soon.
>
> In a partnership "with Fuji Heavy Industries, the maker of Subaru cars,"
> Toyota said today "it plans to build up to 100,000 Camrys a year at a
> Subaru plant in" Lafayette, Indiana, USA.
>
> Toyota "plans to invest $230 million in the Subaru plant" and ad
> about 1,000 new workers to the plant's current 2,300 employee total.
>
> Can the governor of Indiana be more effusive?
>
> "All of Indiana celebrates this day," said Gov. Mitch Daniels. "We
> recognize
> that we live and operate now in an economy that's truly global."
>
> Production "will begin with 30,000 to 40,000 Camrys in the line's
> first year, and capacity will grow to 100,000 vehicles after three years."
>
> In October, "U.S. automaker General Motors said it was ending
> its alliance with Fuji and selling its entire 20 percent stake in
> the company. At that time, Toyota bought an 8.7 percent stake in
> Fuji for $315 million and became the top shareholder in Fuji."
>
> GM lets go of Fuji/Subaru but Toyota grabs on.
>
> I gotta wonder which company made the better
> management decision - LOL.[/color]
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