In a move to reduce the impact of the yen's strength against the dollar, Toyota is planning to finish off its recently-built plant in Tupelo, Mississippi. The plant was started way back in 2006 but had been put on indefinite hold last December. At this time, only the building shell has been completed and there is no actual car-building equipment installed. According to the Nikkei newspaper in Japan (via Automotive News), production is slated to begin by March 31, 2011.
As expected, Toyota officially announced its plans to build the Highlander in northeast Mississippi. The company will invest $1.8 billion in the project and initially employ 2,000 workers. Toyota officials, along with Mississippi Gov. Haley Barbour (speaking in photo), made the announcement this morning at a press conference in Tupelo, Miss.
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