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Merged: Official "Toyota to buy GM shares of FHI" Thread


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Looks like they might be making scion Tcs at the Indiana plant as well...

 

http://www.autoblog.com/entry/1234000200063626/

 

That doesn't make sense, I thought I remember reading somewhere Subaru plans on manufacturing the next gen Impreza here instead of Japan.

Unless they will be based on the same platform.

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News: It looks like the new arrangement is already being utilized. Hopefully a good car for Toyota, and some cashflow for FHI's designers. This from Autoblog.com Link

 

Toyota to outsource redesigns to Fuji Heavy Industries

Posted Nov 9, 2005, 8:00 PM ET by Erin Mays

Related entries: Economy

Toyota announced that redesign work for one of its current models will be handled by Fuji Heavy Industries Ltd., according to Japan’s Nihon Keizai business newspaper. Toyota’s recent expansion has put it into a position of not having enough staff to keep things afloat, prompting the company to utilize the resources of the Subaru maker. The model in question has yet to be announced, but the Nihon Keizai has its money on a “sporty subcompact.”

The link below is to Automotive News, which is a subscription-based site. We’ll post a free link as soon as one comes available.

 

I guess we may see what Subaru designers can do with a coupe... for Toyota... One wonders if it will be cross-brand elligible (designed to accept a flat 4 and Subie AWD... one can only hope.)

 

Can we say new Toyota Celica All-Trac Turbo, and Impreza 2.5 RS Turbo coupe? :D

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I didn't see this already posted so....

 

Toyota Considers Building Cars at Lafayette Subaru Plant

 

Toyota Motor Corp. is considering using excess capacity at Subaru of America's Lafayette plant to expand its U.S. auto manufacturing, according to The Wall Street Journal.

Last month, Toyota paid $315 million to buy General Motors Corp.'s 20-percent stake in Fuji Heavy Industries Ltd., which owns the Lafayette Subaru plant.

The plant can produce about 260,000 cars and trucks a year but expects to build only 120,400 this year. The idle capacity would provide Toyota with a quick, low-cost way to add vehicle-assembly capacity in the United States, the newspaper said.

It said Toyota is "looking seriously at" at using the plant and has sent engineers to inspect it. The plant currently employs about 2,700 workers.

 

(source: http://www.wishtv.com/Global/story.asp?S=4116073)

 

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I saw the same thing, but it sounded more definite in my article...

 

 

Toyota quickens quest to unseat GM (e)

 

 

Toyota is quickening its quest to unseat ailing rival General Motors as the world's biggest automaker with reported plans to start manufacturing up to 100,000 Toyota vehicles at a Subaru factory in Indiana. Word of Toyota's ramped-up production schedule comes just days after money-losing GM said it will close 12 facilities by 2008 in a move that will slash the number of vehicles it is able to build in North America by about one million a year. The combined developments could help Toyota surpass GM in worldwide production, although it's unclear if that could happen because Detroit-based GM is growing rapidly in Asia. Toyota expects to produce 8.1 million vehicles this year, while GM expects nine million, according to Greg Gardner of Harbour Consulting, a manufacturing consulting firm. Chipping away at GM's lead will also be a new Toyota pickup truck plant scheduled to open next year in San Antonio, TX, that will add an additional 200,000 vehicles to Toyota's annual capacity. The Japanese company's output will be boosted by another 100,000 vehicles in 2008, when Toyota's new RAV 4 plant comes online in Canada.

(Canadian Press 051123)

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I bold typed the good part

Toyota Revamps Camry to Compete With Nissan, Honda (Update2)

Jan. 30 (Bloomberg) -- Toyota Motor Corp., which sells about four of every 10 vehicles in Japan, will introduce a redesigned Camry sedan today to replace its aging model, which lags Nissan Motor Co.'s Teana and Honda Motor Co.'s Accord.

The Camry will cost between 2.48 million yen and 3.36 million yen ($29,000), in the same price range as the Teana and Accord. Toyota aims to sell 1,000 units of the model every month, it said in a statement.

Toyota, based in central Japan's Aichi Prefecture, has released the redesigned Estima van and new Rush sport-utility vehicle so far this year as it aims to increase its domestic market share to 45 percent. The last Camry model is five years old. Japan has one of the world's shortest product cycles and carmakers typically offer new designs every two years on average.

``Demand for mid-sized sedans is decreasing,'' said Toyota President Katsuaki Watanabe in Tokyo. ``But we think good models will still sell.''

Toyota may sell as many as 650,000 Camrys worldwide in 2006, including both the old and new models, Watanabe said. The Camry is one of Toyota's top selling models. It sold 593,000 units globally in 2005, down 2.3 percent from a year ago.

Cash Cows

Models that sell more than 400,000 units a year for automakers are ``cash cows and as the Camry has been one of Toyota's oldest models, it certainly makes them a lot of profit,'' said Koji Endo, an analyst at Credit Suisse in Tokyo.

The company may also build the model in the U.S. at a factory belonging to its affiliate Fuji Heavy Industries Ltd. The two companies are discussing which models to build at the Lafayette, Indiana plant.

``The Camry is a likely candidate to be built in Indiana,'' said Watanabe. ``We are in the final stages of deciding now.''

The sedan comes with a 2.4-liter engine. A gasoline- electric hybrid version will also be available.

Nissan's Teana, equipped with a 2.3, 2.5, or 3.5-liter engine is priced between 2.4 million yen and 3.5 million yen in Japan. Honda's Accord, which has either a 2 or 2.4-liter engine is priced between 2 million and 2.66 million yen.

Lagging Rivals

In Japan, Toyota sold 4,868 Camrys in 2005, down 20 percent from a year ago, while Honda's Accord sales fell 8.3 percent to 9,282, and Nissan's Teana sales fell 28 percent to 18,884 units during the same period. The newest Accord was released in October 2002, while the new Teana was released in February 2003.

Toyota has sold a total of 10 million units of the Camry since its debut in 1980. The car is produced in Japan, U.S., Australia, Thailand, Malaysia, the Philippines, Taiwan and Vietnam. The model is also scheduled for production in China in mid-2006 and Russia in 2007. The automaker's Corolla and Hilux models have also each sold a total of 10 million units globally.

The Camry, which last year became the best-selling car in the U.S. for the fourth year in a row, is one of Toyota's top- selling models. Toyota can expect to sell at least 450,000 units of the model in the U.S. this year, up from 431,703 units in 2005, according to Credit Suisse's Endo.

Shares of Toyota, the world's biggest automaker by market value, rose 1.2 percent to 6,020 yen in Tokyo.

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Does SIA have anywhere near the capacity to make a dent in the 450,000 units they predict for the US, this upcoming year?

 

Either subarus will benefit from the increased quality control that Toyota will demand for even a fraction of that many units...

 

Or subaru will be drowned out by the demands of producing so many toyotas.

 

Hopefully it is the former, not the latter.

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Toyota: Lafayette likely will get Camry

 

Details remain unsettled, but plan could add 1,000 jobs at Indiana plant

 

By Ted Evanoff

ted.evanoff@indystar.com

Indiana could become a key state for Japanese automaker Toyota as it works on plans to bring a Camry assembly line to Lafayette.

 

A senior Toyota executive told reporters in Tokyo the company is in the final stages of deciding whether to put a Camry line in the Subaru of Indiana Automotive plant at Lafayette.

"The Camry is a likely candidate to be built in Indiana,'' said Toyota President Katsuaki Watanabe on Monday, according to The Associated Press. "We are currently in the final stages of deciding.''

The proposed deal could add 1,000 jobs to the 2,300-employee Subaru plant, Lafayette Mayor Tony Roswarski said.

If it happens, Toyota would have assembly lines in three Indiana plants -- something no other state has. Toyota's two truck plants at Princeton, Ind., annually can make more than 300,000 Sequoia sport-utility vehicles, Sienna minivans and Tundra pickup trucks.

"The talks are moving along seriously, but until everything is buttoned up it's just speculation,'' Toyota manufacturing spokesman Dan Sieger said Monday.

The main Camry plant at Georgetown, Ky., would remain Toyota's largest North American facility and would continue Camry assembly. It can make 500,000 autos a year.

Last fall, Toyota bought 8.7 percent of Subaru owner Fuji Heavy Industries, leading to speculation by analysts that a hybrid-electric Camry was coming to Lafayette.

The $1.1 billion Lafayette plant was opened in 1989 by Fuji and Japanese automaker Isuzu, but Isuzu's departure has left about half the plant vacant. It can produce up to 260,000 autos a year.

If Toyota takes on all the unused capacity at Lafayette, its Indiana production capacity would total 430,000 autos a year, ranking the state second in Toyota volume to Kentucky.

 

http://www.indystar.com/apps/pbcs.dll/article?AID=/20060131/BUSINESS/601310395

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That doesn't make sense, I thought I remember reading somewhere Subaru plans on manufacturing the next gen Impreza here instead of Japan.

Unless they will be based on the same platform.

 

The only sense I can make out of that would be because the TC's have the same engines as the Camry.

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I agree I hate Toyota with passion. Other Japanese manufacturers, be it Nissan, Honda, Suzuki or Mazda. There is something positive to say about these companies (although Honda is next most questionable after Toyota).
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