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(Reuters) -Toyota Motor Corp said it will slash global production for September by 40% from its previous plan, becoming the last major automaker to cut output due to a global chip crunch, but it ...
Toyota, based in Toyota city, central Japan, stuck to its full fiscal year forecast for a 3.57 trillion yen ($23 billion) profit, down from 4.94 trillion yen racked up the previous fiscal year.
Toyota's U.S. output was down 11.8%, making a slow recovery although the production of Grand Highlander and Lexus TX SUV models resumed in late October after a four-month stoppage.
The Tacoma truck beds are used for total Tacoma production. [2] As of January 2016, Toyota reports truck production capacity of 90,000, employing 1,100. [3] In 2016, Toyota announced a $150,000,000 expansion of TMMBC that would increase capacity by 2018 to up to 160,000 units. [4] In 2017 TMMBC made 104,622 Tacomas.
After long deliberations including the offer of $227 million in subsidies, a 2,000-acre (8.1 km 2) site on the far south side of San Antonio was selected as the location for the new 2,000,000-square-foot (190,000 m 2) assembly plant. [3] [4] Toyota broke ground at the new plant site on 17 October 2003. [5]
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The Toyota Motor Corporation of Japan has been active in the North American market since 1957, [3] made its manufacturing investment in North America in 1972 with the establishment of a company now known as Toyota Auto Body California, [4] and established its first production line in the US in 1986 at NUMMI (New United Motor Manufacturing, Inc.), a joint-venture with General Motors.
Toyota will resume operations at its Japanese assembly plants Wednesday after a 24-hour stoppage caused by disruption to its finely-tuned supply chain.