Events Calendar
In This Section
Most Read Stories
Akron judge Linda Kersker dies
DiLullo's closes doors after 63 years
Portage man beaten at home, robbed of coins
Akron police arrest murder suspect within an hour
Call center to cut 250 jobs in Akron
Rib, White and Blue is festival of tastes
Man fit for trial in rape of girl, 2
UPDATE: Deadly motorcycle crash closes I-76
Blogs:
Pets:
Summit teams up with Rescue Waggin' to save dogs
The Heldenfiles:
I Hate "More To Love"
Patrick McManamon:
Ron Artest goes to the Lakers
Akron Zips:
Opponent outlook: Northern Illinois
Browns Bulletin:
Single-game ticket sales begin July 11
Tribe Matters:
Tribe needs to slow down opponents
Cleveland Browns:
Stallworth test showed marijuana
Kent State Sports:
Men's Basketball Scheduling update
Cleveland Cavaliers:
Updated: Free Agency: Another Gone - Apparently
All Da King's Men:
IPCC Already Wrong About Global Warming
Blog of Mass Destruction:
Wow….Sarah Palin Resigns Governorship
Akron Law Café:
Abraham Lincoln and the Fourth of July
Varsity Letters:
Highland senior receives honor
See Jane Style:
Picnic Wear
Car Chase:
Where do We Go from Here?
Let's Talk Real Estate:
Hate Crime in Fort Worth Texas: "That F***t had it Coming"
Ohio Travels with Betty:
Linda asks-where is the Ohio Chautauqua?
Sound Check:
Rundgren fans rejoice!: Second night of AWATS at The Civic added
HRLite House:
Sport Psychology and Performance Consulting
Akron Gamer:
Hot link: Best of Nintendo at E3
Production reduced in Indiana and Texas as part of industry trend
By Alan Ohnsman
Bloomberg News
Published on Thursday, Jun 19, 2008
Toyota said it's cutting U.S. production of Tundra pickups, the second such reduction in four months, as record gasoline prices and a weak economy erode demand for large trucks.
Tundra daily production at plants in San Antonio and Princeton, Ind., will be slowed, spokesman Mike Goss said, without providing details. Additionally, San Antonio's truck line will shut down for 14 days between now and the end of October, while the Princeton factory is cutting six production days between now and the end of August on a line that makes Tundras and Sequoia sport-utility vehicles, Goss said.
''The market is a tide that moves all boats. Toyota might have a better mooring, but it can't avoid what's happening in the full-size truck market,'' said Eric Noble, president of consulting firm Car Lab in Orange, California.
Higher gasoline prices, a sluggish economy and a decline in new home construction have contributed to a 22 percent drop so far this year in U.S. sales of large pickups such as Tundra, Ford's F-150 and General Motors' Chevrolet Silverado.
Tundra sales dropped 32 percent in May as buyers shifted to smaller, more fuel-efficient vehicles.
Similarly, sales of large SUVs such as Sequoia are down 32 percent through May, according to Autodata Corp.
There are no plans to consolidate all Tundra and Sequoia assembly at the San Antonio plant, Goss said.
Neither of the plants affected by the most recent reduction will lay off full-time assembly workers, Goss said. Jobs held by some 200 temporary employees in San Antonio will be eliminated.
The company's Huntsville, Ala., engine plant is also studying production cuts resulting from the reduced output of Tundras and Sequoias.
Sales of Ford's F-Series trucks, the top-selling pickups in the U.S., have fallen 19 percent through May. GM's Silverado is down 26 percent.
Toyota's U.S.-traded depositary receipts (which represent Toyota shares traded in Japan) have declined about 2.7 percent this year.
Toyota said it's cutting U.S. production of Tundra pickups, the second such reduction in four months, as record gasoline prices and a weak economy erode demand for large trucks.
Get the full article here.
Comments
Click here to post your comments
