Toyota to Halt Camry Imports from Japan

Toyota is set to launch its all-new 2012 Camry this fall and the automaker plans to stop exports of the Camry from Japan to North America.

Toyota is going to stop importing Camry’s into the U.S. in an attempt to boost local production, which will offset the current exchange rate losses. Toyota claims that the U.S. production of the Camry is sufficient enough to support the local demand. Toyota hopes to sell 360,000 Camry’s a year. Camrys will be produced at Toyota’s Georgetown, Ky plant and Subaru’s factory in Indiana.

Automotive News