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Toyota delays new U.S. auto plant due to economy

TOKYO — A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by worries about slumping U.S. auto sales and a broader U.S. economic slowdown, according to USA Today.

The assembly plant being built in Blue Springs, near Tupelo, Miss., was to be up and running by late 2009 or early 2010, said Toyota Executive Vice President Mitsuo Kinoshita.

That has now been pushed back to mid-2010 after Toyota reviewed the plans and considered signs of a slowdown in the U.S. market, Kinoshita told a small group of reporters at a Tokyo hotel.

Posted by Peter C. T. Elsworth  at 10:36 AM to Toyota | Permalink

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