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Toyota to Export U.S.-made 'Venza' to Russia and Ukraine


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© ACN Newswire
2013-02-26 14:16:28 -

Toyota City, Japan, Feb 26, 2013 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces that its U.S. sales subsidiary Toyota Motor Sales U.S.A., Inc. will begin exports to Russia and Ukraine this April of "Venza" crossover SUV vehicles manufactured at Toyota Motor Manufacturing, Kentucky, Inc. (TMMK), TMC's vehicle manufacturing subsidiary in the United States. Initial annual export volume will be approximately 5,000 units in total; approximately 4,000 units to Russia and approximately 1,000 to Ukraine.

Toyota's sales have increased significantly in Russia and Ukraine, with sales last year in Russia up 27 percent year-on-year to approximately 169,000 units* and in Ukraine up 13 percent year-on-year to approximately 16,000 units. The addition of the Venza to these

markets will enable Toyota to offer a more diverse lineup to better meet the needs of consumers.

Since the beginning of U.S.-manufactured Toyota-vehicle exports in 1988, the U.S. has grown steadily as an export base for Toyota and now exports to 21 countries and regions, including Canada and Mexico. Exports last year increased 45 percent year-on-year to reach a record 124,000 units.

Toyota will continue to aim for a globally optimized production structure that accurately meets consumer needs in a timely manner.

Overview of Toyota Motor Manufacturing, Kentucky, Inc. (as of February 26, 2013)

Location: Georgetown,Kentucky, United States
President: Wil James
Establishment: January 1986
Start of production: May 1988
Products: Avalon, Camry, Camry Hybrid, Venza and engines
Annual prod. capacity: Vehicles: Approx. 500,000 units
(with no overtime or holiday shifts)
Engines: Approx. 600,000 units
(with no overtime or holiday shifts)
Employees: Approx. 6,600
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*Sales through OOO Toyota Motor, TMC's local distributor; includes sales in Belarus.

About Toyota

<BR /><BR />Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of March 2012, Toyota conducts its business worldwide with 50 overseas manufacturing companies in 27 countries and regions. Toyota&apos;s vehicles are sold in more than 160 countries and regions. For more information, please visit www.toyota-global.com.

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Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net


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