Arab Today, arab today toyota eyes us as big export
Last Updated : GMT 09:30:43
Arab Today, arab today
Arab Today, arab today

Toyota eyes US as big export

Arab Today, arab today

Arab Today, arab today Toyota eyes US as big export

London - Arabstoday

Japanese carmaker Toyota is seeking to increase exports from its North American factories in a bid to cushion the impact of a strong yen. The Japanese currency has risen by almost 10% against the US dollar in the past nine months, making Toyota\'s cars more expensive to foreign buyers. At the same time, a rising yen has also hurt profits at the world\'s biggest carmaker. Toyota currently exports to 19 different countries from North America. \"This is just the beginning of a new era of North America being a source of supply to many other parts of the world,\" said Yoshimi Inaba, chief operating officer of Toyota\'s North American operations. Big dent 40% volume is going to come from new or refreshed models this year” End Quote Jim Lentz Toyota The Japanese currency has remained stubbornly high against the US dollar, despite repeated efforts by Japanese central bank to weaken it. The recent global economic uncertainty has seen many investors flock to the yen, which is considered a safe asset. It was trading at 76.89 yen against the US in Asian trade on Tuesday. Analysts said the yen\'s strength had forced the Japanese carmakers to rethink their policies. With the yen currently running around 75 to 76 against the US dollar, no mode of car exports from Japan can make money,\" Koji Endo of Advanced Research Japan told the BBC. \"There is no point for the manufacturers to continue to exporting vehicles from Japan,\" he added. However, Mr Endo explained that Japanese carmakers will have to shift substantial amounts of exports out of Japan to negate the affect of a rising yen. \"If the volume is low, there is no point in transferring,\" he explained. Repositioning? At the same time, Toyota\'s market share in the US has been falling in recent years. The carmaker has been hit by a variety of issues, including massive recalls because of various quality control issues. Its production and sales were also hurt by disruptions to its supply chain in the wake of the natural disasters in Japan and Thailand last year. To make matters worse, Toyota has faced increasing competition, not just from US and European carmakers but also South Korean manufacturers such as Hyundai, which have been making inroads into the US market. As a result, Toyota is looking to ramp up its line-up by rolling out 19 new or refreshed models across the three brands. Jim Lentz of Toyota said: \"40% volume is going to come from new or refreshed models this year.\"  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toyota eyes us as big export Arab Today, arab today toyota eyes us as big export

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday