Toyota stops exporting Camry cars to North America
Wednesday, September 7, 2011
TOKYO (AP) — Toyota says it’s no longer exporting Camry sedans from Japan to North America, where the best selling car is also manufactured — a decision that makes financial sense for the automaker as the yen soars against the dollar.
Toyota Motor Corp., Japan’s No. 1 automaker, exported only about 1,700 Camry cars from Japan last year, and only when demand was so great that North American production couldn’t keep up.
Company spokeswoman Shiori Hashimoto said Wednesday that Toyota’s policy is to make the Camry a global car produced where it is sold as much as possible.
It is now manufactured in Japan, the U.S., Australia, Thailand and China.