Sept. 6 - Toyota has delayed the opening of a new assembly plant in Canada. The Woodstock, Ontario facility was built to produce 75,000 RAV-4 vehicles per year, but weak sales have forced the company to delay plans. A company spokesperson confirmed that the plant will open later this year.
A second work shift had been anticipated early in 2009, which would have doubled vehicle output. Those plans have been shelved indefinitely, according to sources. Sales of the RAV-4 are down by almost 20 percent this year. Overall Toyota sales are down by more than nine percent in the U.S., but up more than 30 percent in Canada.
A second work shift had been anticipated early in 2009, which would have doubled vehicle output. Those plans have been shelved indefinitely, according to sources. Sales of the RAV-4 are down by almost 20 percent this year. Overall Toyota sales are down by more than nine percent in the U.S., but up more than 30 percent in Canada.
Late last week, Jim Lentz, president of Toyota Motor Sales, said that the company is anticipating industry-wide sales of slightly over 14 million vehicles in the U.S. market - down from the 16.2 million sold in 2007. The company is not forecasting any significant increases in 2009.
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