Gojirra99

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

PhilipMSPT

iTrader: (5)

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...

rominl

iTrader: (4)

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

bitkahuna

iTrader: (20)

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.

Gojirra99

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

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.

4TehNguyen

iTrader: (1)

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

Richie

They should build one in Holland and let me run it

rominl

iTrader: (4)

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