Toyota won't build Lexus plant in Europe after all

Reply Subscribe

Thread Tools

Search this Thread

May 15, 2006 | 12:47 PM

Gojirra99

Thread Starter

CL Community Team

Joined: Oct 2002

Posts: 30,281

Likes: 362

From: Canada

Toyota won't build Lexus plant in Europe after all

Posted May 15th 2006 2:24PM

Toyota has denied an Automotive News Europe claim that the automaker has plans to build a Lexus plant in Germany or France, which would help supply Lexus with the 100,000 cars it plans to sell in Europe by 2015. The company has also denied a report by Automobilewoche, a German-language sister publication of ANE. Automobilewoche quoted a high-ranking Toyota official as saying that a European plant would supply the continent with both Lexus and Toyota-badged vehicles, supporting 2,000 new jobs and supplying an investment of $1.03 billion in the region.

Source: Reuters

May 15, 2006 | 12:58 PM

PhilipMSPT

Cycle Savant

iTrader: (5)

Joined: Jul 2005

Posts: 21,528

Likes: 9

From: In rehab...

Toyota/Lexus needs to have a little more history and name recognition before opening a production plant in Europe. Think of how long it took to build plants in the U.S...

May 15, 2006 | 10:33 PM

rominl

exclusive matchup

iTrader: (4)

Joined: May 2002

Posts: 81,898

Likes: 495

From: Lovely OC

Quote:

Originally Posted by PhilipMSPT

Toyota/Lexus needs to have a little more history and name recognition before opening a production plant in Europe. Think of how long it took to build plants in the U.S...

agree, they are hitting big time here in the US so i think they should focus on here first, build it up even further and stronger before they get greedy on european market

May 16, 2006 | 05:58 AM

bitkahuna

CL Community Team

iTrader: (20)

Joined: Feb 2001

Posts: 80,922

Likes: 4,056

The biggest problems with building an auto plant in Europe are labor costs, unions, government regulations and land costs. It probably doesn't make any sense at all.

May 16, 2006 | 06:43 AM

Gojirra99

Thread Starter

CL Community Team

Joined: Oct 2002

Posts: 30,281

Likes: 362

From: Canada

I think Toyota already have at least 8 manufacturing plants in Europe, just not for Lexus cars.

May 16, 2006 | 06:44 AM

MSMLexIS

Lexus Champion

Joined: Jun 2005

Posts: 1,793

Likes: 1

From: Virginia

But they do need to increase production of the new Lexus models. That will help to reduce time it takes to get a car you ordered and will put more supplies on dealer lots.

May 16, 2006 | 06:58 AM

4TehNguyen

Lexus Fanatic

iTrader: (1)

Joined: Jan 2006

Posts: 26,242

Likes: 89

From: Houston, Texas

Quote:

Originally Posted by bitkahuna

The biggest problems with building an auto plant in Europe are labor costs, unions, government regulations and land costs. It probably doesn't make any sense at all.

especially not for 100,000 vehicles by 2015, doesnt seem worth it

May 17, 2006 | 01:28 AM

rominl

exclusive matchup

iTrader: (4)

Joined: May 2002

Posts: 81,898

Likes: 495

From: Lovely OC

Quote:

Originally Posted by MSMLexIS

But they do need to increase production of the new Lexus models. That will help to reduce time it takes to get a car you ordered and will put more supplies on dealer lots.

i am sure they will, just not the best time right now i guess