Toyota to make production announcement Friday (Updated)
Toyota president Akio Toyoda will unveil a new production initiative Friday morning in New York.
Details of Toyoda’s announcement are scarce. It’s unknown if it will have any bearing on the Toyota plant in Blue Springs, which has been making the Corolla compact sedan since November 2011.
There have been faint rumors of another model being added to the Blue Springs line since then, but company officials have dismissed those, for the most part. Toyota, going back to the original Blue Springs announcement in early 2007, has built a reputation as being really good at keeping major announcements under wraps until the company is ready to make them.
It’s likely whatever production move the company announces Friday will have to do with one of the company’s North American facilities. North American region CEO Jim Lentz will appear with Toyoda.
If Blue Springs is on tomorrow’s agenda, it’s conceivable that a related supplier will locate in West Point, about 60 miles of four-lane highway from the Blue Springs.
The Clarion-Ledger reported Wednesday that Gov. Phil Bryant will call a special session April 29 for lawmakers to consider incentives for an economic development project. The newspaper reported the project is an auto supplier in West Point.
Toyoda will make the announcement at 8:30. A live stream can be found at www.toyotanewsroom.com.
UPDATE: Reuters is reporting that Toyota’s facility in Kentucky will begin making the Lexus ES sedan in 2015. The state gave the company $146 million in incentives to land the deal.