Japanese automakers revise earnings estimates on strength of Yen
Earlier this year, the rising Yen created concerns that Akio Toyoda would be forced to shutter some assembly plants. Toyoda assured the public that plants would not be closing, however more vehicle assembly is being shipped to overseas factories.
Toyota is not alone in making this move. Nissan has stated that it is looking at doing a revision of earnings as well as finding more locally sourced parts to aid overseas production.
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