Toyota Restarts Production in Venezuela
Toyota Restarts Production in Venezuela

Toyota Restarts Production in Venezuela

Toyota Restarts Production in Venezuela

Toyota said on Friday it restarted its Venezuelan factory after six months without producing vehicles because of hard currency shortages, good news for the South American nation suffering a roiling recession that has closed many factories.
Auto output in Venezuela plunged 86% in the first six months of the year because of shortages of parts, most of which are imported, Reuters reported.
“A few weeks ago, we restarted our assembly operations here in the Cumana plant for our three models: Corolla, Hylux and Fortuner,” said Rafael Chang, Toyota Venezuela’s president, in a televised event.
The company plans to start exporting cars in the first half of 2017 and supply the local market, the executive said.
Since last year, Toyota has been exporting parts from Venezuela as a way of keeping its operations afloat.


Short URL : http://goo.gl/gCGlY7
  1. http://goo.gl/4jGH6m
  • http://goo.gl/RNL9ee
  • http://goo.gl/uH34so
  • http://goo.gl/ChabRE
  • http://goo.gl/eHluNo

You can also read ...

Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
The government has decided to clear over 4.45 trillion rials...
Iran-Lithuania Trade Falls 44% in 2017
Trade between Iran and Lithuania stood at more than €11.1...
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
With only a day left for the Supreme Labor Council to set the...