US Yaris to be imported from France ?

[nookandcrannycar]

Originally Posted by daf62757

All of the Japanese car makers are building plants all over the world. When the value of a currency makes building a car somewhere more profitable, they build them there. With worldwide production capability, they can spit our thousands of cars at higher profits. Even if that profit is a hundred dollars, you do the math!

Are you implying a variant on James Carville's famous phrase ('It's the Yen, stupid' instead of "It's the economy, stupid"). If not, you are missing the mark, because that;s how you sound. Hmm...who am I going to think might have the most credible information, you or Reuters. I think I'll go with Reuters, especially when the information in their article makes sense. The Reuters article (Toyota to move Yaris North American production to France) lists the Yen AND soaring energy costs as reasons Toyota made this decision. Later in the article they mention three headwinds that are facing all Japanese auto manufacturers---1. costly labor regulations, 2. high corporate taxes, and 3. a post earthquake energy policy deadlock. If soaring energy costs were ONLY attributable to the value of the Yen, why would they list the energy costs as a separate reason? They wouldn't.

Of course it is a 'you do the math' scenario with the value of the Yen likely being the dominant factor...BUT it is not the ONLY factor.