Toyota To Move Production Of Korean-Market Camry To America?

Teni Sow | October 14, 2011 | 0 Comments

Toyota is considering moving production of the company’s Korean-market Camry to the United States, according to Reuters. The move would take advantage of the free trade agreement between the U.S. and South Korea and put Toyota in a better position financially as the yen continues to strengthen.

The Korean-market Camry would be built alongside the U.S.-spec Camry in the automaker’s Georgetown, Kentucky facility. Even with word that Toyota is mulling sending production outside of Japan, the company has said that it is still committed to keeping some manufacturing at home.

The Toyota Camry has enjoyed substantial success in South Korea, where it remains one of the most popular foreign-built vehicles in the country. Last year, Toyota sold around 4,200 Camry models in the South Korea. That represents a small figure compared to the 203,688 units produced at the Georgetown plant last year, but shifting production to the States could still pay large dividends for Toyota.

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