Toyota Cheers New Auto Incentives Law

Kentucky Governor Steve Beshear has signed a bill into law that gives tax incentives to automakers in Kentucky. The new law allows manufacturers and suppliers to tap the incentives if they have 1,000 employees, have been in business in Kentucky for at least five years and are willing to invest $100 million in the state. The… Continue reading Toyota Cheers New Auto Incentives Law

Tax Incentives Bill For Auto Businesses Passes Senate Committee

A bill that would give tax incentives to Kentucky auto manufacturers and related businesses is a few steps away from becoming law. State Representative Larry Clark is the sponsor of House Bill 400. The bill would re-open a 2007 law that gave Ford Motor Company tax incentives. Those incentives encouraged a one billion dollar investment… Continue reading Tax Incentives Bill For Auto Businesses Passes Senate Committee

Bill Would Expand Tax Incentives to Toyota, General Motors

A Louisville lawmaker is looking to enhance job creation in Kentucky’s auto industry by amending a law that’s already on the books. House Speaker Pro Temp Larry Clark has filed House Bill 400 to update the 2007 Kentucky Jobs Retention Act, which helped bring 3,000 jobs to Ford plants in Louisville. This year’s bill would… Continue reading Bill Would Expand Tax Incentives to Toyota, General Motors

Kentucky’s Toyota Assembly Plant Exports to South Korea

Toyota’s best selling vehicle, the Camry, is being exported from Kentucky’s Georgetown assembly plant to South Korea. Changes in global currency have made it cheaper for South Korea to ship the vehicles thousands of miles from the U.S. than the 500 miles from Japan, said Toyota spokesman Javier Moreno. The announcement will not result in… Continue reading Kentucky’s Toyota Assembly Plant Exports to South Korea

Toyota Official Says Parts Shortage Hardly Noticeable at Georgetown Plant

It’s been more than a month since production increased at the Toyota plant in Georgetown, Kentucky after a weeks-long parts shortage. The shortage was caused by the April earthquake and tsunami in Japan, which severed and disrupted supply chains. All of Toyota’s 13 North American plants saw production drop as a result. “We were fortunate… Continue reading Toyota Official Says Parts Shortage Hardly Noticeable at Georgetown Plant

Production Increases at Georgetown Toyota Plant

This year’s earthquake and tsunami in Japan caused a parts shortage that led to diminished production at Toyota Motor Company’s 13 American plants. It also damaged the automaker’s sales. And now, Toyota is now preparing to increase production and competition. The Toyota plant in Georgetown, Kentucky was more active during the parts shortage than most other… Continue reading Production Increases at Georgetown Toyota Plant

Toyota Officials Confident Automaker Will Recover From Drops in Production, Profit

Despite a drop in production and profits after the earthquake in Japan, Toyota Motor Company officials are optimistic about the automaker’s future. Toyota sales spokesperson Steve Curtis says the parts shortage that followed the earthquake has not been as long or severe as expected. Toyota profits dropped by 77 percent after the disaster, but Curtis… Continue reading Toyota Officials Confident Automaker Will Recover From Drops in Production, Profit

Georgetown Toyota Plant to Return to Full Production in Summer

The Georgetown, Kentucky Toyota plant is one of several of the company’s North American manufacturing facilities that will resume full production this summer. Production dropped to 30 percent in recent weeks due to the parts shortage caused by the earthquake and tsunami in Japan. The company has worked out arrangements to bring more parts to… Continue reading Georgetown Toyota Plant to Return to Full Production in Summer

Toyota Production to Increase Faster Than Expected

Toyota Motor Company officials say North American production will rise to 70 percent of normal in June as the company begins to recover from a parts shortage caused by the earthquake and tsunami in Japan. The company cut production to about 30 percent in May by idling factories for several days or reducing production hours.… Continue reading Toyota Production to Increase Faster Than Expected

Toyota Production Delays Continue

As a parts shortage caused by the earthquake and tsunami in Japan continues, Toyota Motor Company will further reduce production at North American plants, including a facility in Georgetown, Kentucky. Earlier this month, the company announced that plants would be closed on Mondays and Fridays through late April. That pattern is now being extended through… Continue reading Toyota Production Delays Continue