TOKYO, July 11, 2019 - (JCN Newswire) - Toyota is shifting future production plans at the Mazda Toyota Manufacturing U.S.A. (MTMUS) joint venture assembly plant as an opportunity to build a new, yet-to-be announced SUV.
This shift is in response to changing market demands and a growing consumer appetite for light trucks and SUVs which are achieving record sales, including Toyota's best-selling RAV4.
More details related to the future SUV will be released at a later date. Corolla production continues at Toyota's Blue Springs, Miss. plant.
Construction of MTMUS in Huntsville, Ala. remains on schedule, with the start of production expected to begin in 2021. Up to 4,000 new jobs will be created and hiring is underway.
In August 2017, Toyota and Mazda announced a collaboration to establish MTMUS, a $1.6 billion joint venture that will assemble up to 300,000 vehicles annually.
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
July 11, 2019 10:34 HKT/SGT
Source: Toyota Motor Corporation
Topic: Press release summary
From the Asia Corporate News Network
Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.