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  • Toyota moving Corolla production to Mexico from Ontario

    Toyota will spend $1 billion on an assembly plant in Guanajuato, Mexico, and move production of its popular Corolla sedan there from another plant in Cambridge, Ont.

    The Mexican factory will have the capacity to crank out 200,000 cars a year, bringing an end to the production of the Corolla in Canada. It is one of the bestselling cars in the country and had been built here since the plant opened in the 1980s.


    More: http://www.cbc.ca/news/business/toyo...ario-1.3033661

  • #2
    Loss of Corolla doesn't have to be lethal blow for Canadian auto production


    The news that Toyota is moving production of its popular Corolla vehicle from Cambridge, Ont., to Mexico is further confirmation that Canada has slipped to third place in North America's auto sector, but don't go writing the obituary of Canadian car manufacturing just yet.

    Canada still makes about 2.4 million vehicles a year, about 80 per cent of which are exported, mainly to the U.S. While that's down from a peak of three million in 1999, auto manufacturing still contributes about $16 billion annually to the country's GDP and employs 120,000 people directly (plus an additional 280,000 in related industries) — compared with more than $21 billion and 175,000 workers at its height.

    More: http://www.cbc.ca/news/business/loss...tion-1.3033914

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    • #3
      Toyota in damage control mode after American exec arrested

      Toyota Motor Corp moved into damage control mode on Friday after its new communications chief Julie Hamp, an American and its first senior woman executive, was arrested on suspicion of illegally bringing pain killers into Japan just two months after her appointment.

      Toyota President Akio Toyoda apologized for the incident at a news conference and reiterated the company's belief that Hamp had no intent of breaking the law.

      "To me, executives and staff who are my direct reports are like my children," he said.


      More: http://www.reuters.com/article/2015/...0OY14S20150619

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