US to Export Cars to This Market
Don't get your hopes up too high. The US is not going to become the new China.
Toyota to export U.S.-made cars to emerging economiesTOKYO (MarketWatch) -- Toyota Motor Corp. plans to export large cars produced in the U.S. to the Middle East and other emerging economies around the world, the Asahi Shimbun reported Tuesday.
Toyota, which mostly sells its U.S.-made cars only in the U.S., now plans to export them as car sales are declining in the world's biggest economy due to the economic slowdown and the rise in crude prices. The plan is also motivated by the fall in production costs in the U.S. due to the dollar's weakening against the yen.
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