Home » OPINION » Columns » DENNIS SEID: Toyota has reasons for building elsewhere

DENNIS SEID: Toyota has reasons for building elsewhere


Last week, President-elect Donald Trump tweeted that if Toyota goes ahead with plans to build the Corolla sedan at a new factory in Mexico instead of the U.S., it could be hit with a “big border tax” when the cars are shipped north.

But Toyota – and other automakers – have their reasons for spreading the wealth when it comes to building cars.

The Corolla, as most people in Northeast Mississippi know, is assembled in Blue Springs (as well as in Ontario, Canada). Since October 2011, Toyota Mississippi has built more than 800,000 of the compact cars. Some time late this year, it will hit the 1 million mark.

In 2016, Toyota sold 360,483 Corollas in the U.S. alone. The Corolla is the world’s best selling car, having had more than 40 million sold during its 50-year history. Blue Springs and Canada supply the North American market.

Toyota Mississippi also exports Corollas to 18 countries.

Last April, Toyota said it would invest about $1 billion in a plant in Mexico it would open in 2019 to build the next-generation Corolla. The company already has a plant there, as well as suppliers.

» READ THE REST of the column by CLICKING HERE.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About For the MBJ

Leave a Reply

Your email address will not be published. Required fields are marked *