Trade Resources Company News Toyota Motor Will Reportedly Discontinue Assembling Camry at Indiana Plant

Toyota Motor Will Reportedly Discontinue Assembling Camry at Indiana Plant

Tags: Toyota, Camry

Japanese carmaker Toyota Motor will reportedly discontinue assembling Camry at Subaru Indiana Automotive’s (SIA) plant in the US, from 2017.

The factory in Lafayette, Indiana, assembles 100,000 Camry cars annually, in addition to 170,000 units of its own Subaru Legacy, Outback and Tribeca models.

SIA was founded as a joint venture between Fuji Heavy Industries and Isuzu Motors. Toyota bought a minor stake in it in 2005, a few years after Isuzu divested its share. It raised its stake to 16.5% later by investing $311m in the venture.

Toyota has been making Camry at the Lafayette plant since 2007. The current five-year Camry assembly contract will close by the end of 2016.

Fuji plans to utilize the additional capacity for its own vehicles. In May this year, the company has announced that it will begin the production of Impreza at the Lafayette plant by the end of 2016.

Toyota also manufactures Camry, its best-selling car in the US, at a factory in Georgetown, Kentucky.

 

 

Source: http://manufacturing.automotive-business-review.com/news/toyota-to-stop-camry-assembly-at-indiana-plant-reports-151113
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Toyota to Stop Camry Assembly at Indiana Plant: Reports
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