Toyota Grows In The US
Will the hybrid Camry help them overtake GM as the top automaker in the US
Toyota expanded a great deal over the last 12 months in the US. Look to see that expansion continue as they release this year’s hybrid Camry.
A retooled version of Toyota’s full-size Tundra pickup truck will also start rolling off the company’s assembly lines in Princeton, Ind. and San Antonio, Texas, later this year. The new $850 million San Antonio facility is slated to open in late 2006.
Toyota now accounts for just over 13% of the U.S. auto market, with sales last year topping 2.26 million vehicles, up 10.1% from 2004. For 2006, Toyota is predicting 5% sales growth in the U.S. market.
Toyota’s hybrid, gas/electric combination, automobile will be out in the last half of 2006. Expect the hybrid Camry to help Toyota overtake GM’s spot as the top producing car maker.
See Also
- Toyota boosts U.S. manufacturing base
Toyota Motor Corp., expanding its footprint in one of its hottest markets, reported Monday its North American plants turned out a record 1.56 million cars and trucks and nearly 1.3 million engines last year.