Bits:
DETROIT — Toyota acknowledged Thursday that, like its rival automakers in Detroit, it misjudged the drastic swing in the American market away from larger vehicles.
With sales of pickups and big S.U.V.’s tumbling, Toyota said it would shut down truck production at two United States plants for three months and consolidate its pickups into one factory next year.
The Japanese automaker also said it would begin making its Prius gas-electric hybrids in a new plant in Mississippi by late 2010 to meet demand for more fuel-efficient vehicles.
More than 4,000 employees will be affected, but the workers will be paid and attend training sessions during the shutdowns.
Overall, this should be a plus, with the 4000 employees being paid and trained PLUS with sales of the Prius booming, jobs for those that WANT jobs should be booming soon, as well.
July 16, 2009, 12:04 pm at 12:04 pm
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