Tag: $30

Official: Toyota investing $30 million in Indiana for more Highlander production

Filed under: Plants/Manufacturing, Toyota

2014 Toyota Highlander front three-quarter

Indiana seems like the place to be if you’re looking for work in a car factory. In May, Subaru announced plans to invest $400 million in its Lafayette, Indiana plant, creating 900 new jobs in the process and increasing capacity to 300,000 units per year. Now, Toyota has announced plans to invest $30 million in its Princeton, Indiana plant, 170 miles south of the Subaru factory, which also builds the Camry.

Toyota’s investment will create an additional 200 jobs and increase the factory’s volume by 15,000 units. Toyota announced an investment in the plant in February of 2012 that bumped volume up from 300,000 to 350,000 units. Toyota Motor Manufacturing Indiana, as the Princeton facility is officially known, produces the recently revised Toyota Highlander, the Sequoia and the Sienna. It employs 4,500 people, and this announcement represents Toyota’s tenth production increase in under two years.

Scroll down below for the official announcement.

Continue reading Toyota investing $30 million in Indiana for more Highlander production

Toyota investing $30 million in Indiana for more Highlander production originally appeared on Autoblog on Sun, 28 Jul 2013 11:08:00 EST. Please see our terms for use of feeds.

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Study: Worldwide auto production could drop 30% due to quake in Japan

Filed under: Japan, Plants/Manufacturing

Auto production in Japan

You’ve likely seen plenty of news lately about how Japanese automakers have been affected by the March 11 earthquake in Japan, but what about the rest of the industry? The Detroit News reports that research firm IHS Automotive thinks that global auto production could drop by 30 percent, and nearly every major automaker will be affected.

The key to that dire prediction will be the speed with which Japanese suppliers can get back to making parts for the industry. IHS Vice President Michael Robinet reportedly told DetNews that if suppliers aren’t online within six weeks, global vehicle production could drop by 100,000 units per day. With average total production sitting at 280,000 to 300,000 units per day, 100,000 represents about 30 percent of all vehicles built. Robinet adds that if parts don’t start coming online quickly, automakers will begin feeling the pinch by mid-April.

IHS points to electronics and transmission components as the most likely to run dry. And that 30-percent figure could morph into 40 percent if automakers can’t get replacement parts within eight weeks.

Sobering statistics, indeed. We’re thinking automakers are hoping Japan can rebuild factories as quickly (and miraculously) as it can rebuild highways.

[Source: The Detroit News]

Study: Worldwide auto production could drop 30% due to quake in Japan originally appeared on Autoblog on Thu, 24 Mar 2011 18:31:00 EST. Please see our terms for use of feeds.

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2011 Acura TSX Sport Wagon priced from $30,960

Filed under: Car Buying, Wagon, Acura

2011 Acura TSX Sport Wagon

2011 Acura TSX Sport Wagon – Click above for high-res image gallery

During a product briefing today, Acura executives revealed that the 2011 TSX Sport Wagon will be priced from $30,960 (not including $860 for destination) when it goes on sale in just a few weeks. This represents a price increase of $1,350 versus the slightly refreshed 2011 TSX sedan that recently debuted at the Los Angeles Auto Show.

All TSX Sport Wagons come standard with a leather-trimmed interior, premium seven-speaker sound system, XM radio, USB audio with iPod integration, Bluetooth connectivity and a power moonroof. For an extra $3,650 you can opt for the TSX Technology Package, which adds sat-nav with voice recognition and rear-view camera, an ELS surround audio system, GPS-linked solar-sensing climate control and a power liftgate out back.

The only engine available in the Sport Wagon is the TSX’s 2.4-liter inline-four, mated exclusively to a five-speed automatic transmission (a six-speed manual is available on the sedan). 201 horsepower is perfectly adequate for the Sport Wagon, but we’re curious as to why Acura felt it necessary to leave the sedan’s 280-hp V6 mill out of the mix. We’ll have the full report of how the TSX Sport Wagon fares out on the road in the coming weeks, so stay tuned.

Gallery: 2011 Acura TSX Sport Wagon

2011 Acura TSX Sport Wagon2011 Acura TSX Sport Wagon2011 Acura TSX Sport Wagon2011 Acura TSX Sport Wagon2011 Acura TSX Sport Wagon

[Source: Acura]

2011 Acura TSX Sport Wagon priced from $30,960 originally appeared on Autoblog on Tue, 07 Dec 2010 15:58:00 EST. Please see our terms for use of feeds.

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