{"id":34604,"date":"2015-04-16T07:27:09","date_gmt":"2015-04-16T11:27:09","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=34604"},"modified":"2015-04-16T07:27:09","modified_gmt":"2015-04-16T11:27:09","slug":"toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604","title":{"rendered":"Toyota Motor Corp (ADR) (NYSE:TM) To Spend $1.4 Billion On First Plants Since 2013"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Toyota Motor Corp (ADR) (NYSE:TM)<\/strong> plans on spending close to $1.4 billion to construct new assembly lines in Mexico and China. The move will end the long pause that the company had put on itself for the building of new vehicle factories since the financial crisis.<\/p>\n<p style=\"text-align: justify;\">The giant automotive manufacturing company plans on revealing a new model in 2017, which will initially be produced in China. The Mexican factory will be constructed soon and will start making Corolla vehicles by 2019.<\/p>\n<p style=\"text-align: justify;\">Akio Toyoda, President of the mega company, made a statement that the company was not aimlessly pursuing more production capacity. He further went on to add that the company\u2019s new venture will be important in testing the company\u2019s resolve as well as measuring the level of improvement.<\/p>\n<p style=\"text-align: justify;\">Toyota\u2019s resolution to go back to building new production plants came after the company continued to experience excessive demand. The company had imposed a ban on the building of new production lines in 2009 following the financial crisis. It was around that time that the company experienced its first loss since the 1950\u2019s. Currently, the performance is in top gear despite facing a lot of competition especially from Volkswagen AG.<\/p>\n<p style=\"text-align: justify;\">Toyoda said that more production is particularly required in North America. He further went on to report that the current production plants were working at almost full capacity, with little room left for improvement.<\/p>\n<p style=\"text-align: justify;\">The company is expected to spend $439 million to boost the Chinese annual production by at least 100,000 automobiles. The company claimed that the injection will not require hiring new employees. The alternative chosen was a joint venture with Guangzhou Automobile Group Co. in restructuring two assembly plants while building a new one right next to an existing facility.<\/p>\n<p style=\"text-align: justify;\">The proposed Mexican plant is expected to create more capacity for the company. The venture capital required to put up the assembly plant is well over $1 billion. About 2000 new jobs will be created.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Toyota Motor Corp (ADR) (NYSE:TM) plans on spending close to $1.4 billion to construct new assembly lines in Mexico and China. The move will end [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":15355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2018],"tags":[828,4458],"stock_ticker":[],"class_list":["post-34604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-nysetm","tag-toyota-motor-corp-adr-nysetm","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Toyota Motor Corp (ADR) (NYSE:TM) To Spend $1.4 Billion On First Plants Since 2013 - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toyota Motor Corp (ADR) (NYSE:TM) To Spend $1.4 Billion On First Plants Since 2013 - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Toyota Motor Corp (ADR) (NYSE:TM) plans on spending close to $1.4 billion to construct new assembly lines in Mexico and China. The move will end [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-16T11:27:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/02\/Toyota-Logo.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Toyota Motor Corp (ADR) (NYSE:TM) To Spend $1.4 Billion On First Plants Since 2013\",\"datePublished\":\"2015-04-16T11:27:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604\"},\"wordCount\":335,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/02\/Toyota-Logo.jpeg\",\"keywords\":[\"NYSE:TM\",\"Toyota Motor Corp (ADR) (NYSE:TM)\"],\"articleSection\":[\"Automobile\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/toyota-motor-corp-adr-nysetm-to-spend-1-4-billion-on-first-plants-since-2013-34604\",\"name\":\"Toyota Motor Corp (ADR) (NYSE:TM) To Spend $1.4 Billion On First Plants Since 2013 - 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