Japanese automakers bringing some production back home
TOKYO — After years of aggressively shifting manufacturing abroad, Japanese automakers are now taking advantage of the weak yen and bringing some North American production back home.
Cars from automaker Fuji Heavy await export in Kawasaki, near Tokyo.
Toyota Motor has manufactured almost all of its Camrys at overseas plants since 2011. Camrys for sale in North America are currently produced at Toyota’s plant in the U.S. state of Kentucky and at partner Fuji Heavy Industries’ plant in the U.S. state of Indiana.
Fuji Heavy is the maker of Subaru cars.
Toyota now plans to stop producing the model in Indiana and instead start making North America-bound Camrys in Aichi Prefecture, starting with the 2017 release.
Toyota will also produce some of its Lexus luxury cars at its Miyata factory in the Fukuoka Prefecture city of Miyawaka, which is operated by subsidiary Toyota Motor Kyushu.
The Miyata factory will start manufacturing Lexus cars at an annual pace of around 10,000 vehicles as early as this autumn. These cars will also be exported to North America.
Toyota sold 2.63 million vehicles in North America in fiscal 2014, which ended March 31. The North American production that the automaker is bringing back to Japan is equivalent to 4% of its fiscal 2014 sales on the continent.