The United States automobile manufacturing exported more than 1.5 million new vehicles in 2010. How long has this trend been continuing?
Quoting Department of Commerce figures, "Exports of new light vehicles from the United States are up 52% since 2002," said Thomas Kitter of the Federal Reserve Bank of Chicago, "and exports of used vehicles are up almost four fold."
Perhaps taking a clue from Kitter's comments, Toyota announced on Feb. 9 that it was moving yet more production from Japan to the United States. Toyota will be investing $400 million to expand its Princeton, Indiana, plant to start building the Highlander Sports Utility Vehicle. Two of Toyota's models - the Sequoia and the Sienna minivan - are already built there. (majirox news)
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