Toyota sets company record for North American output in 2012

Toyota Motor Sales USA set a company record for North American production in 2012, manufacturing 1.78 million vehicles, the automaker said on Thursday January 10.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

This was up by 41% from 2011 volumes and surpassed its previous record of 1.72 million units set in 2007.

Sales of Toyota, Lexus and Scion models in the United States topped 2 million units last year, securing 14.4% of the market, up from 12.2% in 2011, Toyota said.

Torrance, California based Toyota’s 14 North American manufacturing facilities now assemble 70% of the vehicles the automaker sells in the United States, the company said. The volume increase was driven in part by $1.5 billion in investments over the last 13 months, including the newest factory in Blue Springs, Mississippi.

With several other production expansions under way throughout North America, Toyota said it expects to create a total of 3,500 new manufacturing jobs.

Toyota, a unit of Japan’s Toyota Motor Corporation, forecast North American sales will rise by about 100,000 units this year, bringing its North American sales total to more than 2.15 million vehicles.

What to read next
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.