The line between American cars and imports has been hazy for years, and the latest announcement from Toyota makes it even more so.
Toyota today announced plans to export U.S.-assembled Camry sedans to South Korea. Initial forecasts are that about 6,000 Camrys will be exported annually.
The Camrys will be produced at Toyota’s manufacturing plant in Georgetown, Ky. The plant is Toyota’s largest manufacturing facility outside of Japan, employing nearly 7,000 workers directly and creating nearly 20,000 additional jobs with vendors and suppliers in Kentucky and other states.
“We are pleased with the reaction that the redesigned Camry is receiving from our customers, and the sales success it is having in the U.S. and overseas,” said Yoshimi Inaba, president and COO of Toyota Motor North America, Inc. “The export of thousands of Camry vehicles to South Korea is an important development that builds on the great work of our talented U.S. team members as well as our extensive investments across North America."
The Toyota Camry has been the top-selling car in America for 13 of the past 14 years and a best-selling vehicle around the world. This is the first time the U.S.-assembled Camry will be exported outside of North America. The vehicles are scheduled to arrive in South Korea beginning in January.
Since 1988
Toyota began exporting U.S.-assembled vehicles in 1988. The exports increased 30% in calendar year 2010 to approximately 100,000 units. Toyota now exports U.S.-assembled vehicles to 19 countries around the world. The company began exporting Indiana-made Sienna minivans to South Korea last month.
Other exports include the Kentucky-produced Avalon sedan, the Indiana-produced Sequoia SUV and the Texas-produced Tacoma and Tundra pick-up trucks.
The Toyota Camry has been the best-selling car in America for nine years running and 13 of the last 14 years. Since it was introduced in 1983, more than 8.5 million vehicles have been sold in the U.S. and 15 million worldwide. For the past three years, the Camry has also been named the “Most American Car” in Cars.com’s annual American Made Index.
Frank Cole (Tue, 06 Dec 2011 01:13:08 +0000): We must have cheaper labor than those other countries. USA, USA!
Frank Wheeler (Mon, 12 Dec 2011 01:52:19 +0000): So what's the piont here? All the money goes back to Japan anyway.