| 12:14 AM EST

Toyota Resumes Output in Venezuela After 6-Month Hiatus


#Mack Trucks #americas #Mitsubishi

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Toyota Motor Corp. says it has resumed vehicle production in Cumana, Venezuela, after a shortage of hard currency forced a shutdown there six months ago.

The factory assembles Corolla sedans, Hylux compact pickup trucks and Fortuner midsize SUVs. Since February the facility had been exporting parts to maintain limited operations.

Overall vehicle production in Venezuela plummeted 86% in the first half of 2016 because of a shortage of imported parts, Reuters notes.

Sources told Bloomberg News in June that Fiat Chrysler Automobiles, General Motors and Toyota were poised to resume production after gaining government approval to sell vehicles in U.S. dollars. Doing so enables manufacturers to collect foreign funds in the country with which to buy imported components.

Bloomberg indicated Chery Automobile, IVEC, Mack Trucks and Mitsubishi Motors might reach similar agreements with the Venezuelan government.

Related Topics

RELATED CONTENT

  • Things to Know About Cam Grinding

    By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)

  • When Painting Two-Tones: Bag It

    Great material savings can be achieved when high temperature-resistant bags are used for reverse masking in paint shops for getting two-tone paint jobs done. Here's how it is done.

  • Honda Accord: The Ninth Generation

    Although the term “continuous improvement” is generally associated with another company, Honda is certainly pursuing that approach, as is evidenced by the Accord, which is now in its ninth generation.