With the rapid decline of SUV and pickup sales in North America, all automakers are left with excess inventory. Toyota announced today that it has struck a deal with its Latin America and Middle East distributors to take over excess Tundra and Sequoia production in order to keep sales high and avoid cutting jobs in the United States.
After a brief negotiation process – which involved Middle Eastern distributors testing Sequoias and Tundras on a closed course in Ohio at the high speeds regularly attained by their buyers – a deal was struck that will see the exportation of Sequoias from North America for the first time ever.
Shipments will begin in December, Toyota says. Initially, the Middle Eastern distributors have ordered 15,000 Sequoias and the Latin American distributors have ordered 150 Sequoias and 1,000 Tundras. The Sequoias will come from Toyota’s Princeton, Indiana, facility and the Tundras will come from the automaker’s San Antonio, Texas, plant.
Toyota says that exportation of the vehicles will help keep jobs at its plants while trimming the product inventory levels in North America.
10/30, 12:41 PM
posted by:
elviososa
Sequoias is fat and ugly!
10/30, 12:43 PM
posted by:
A4
yup, they are.
10/30, 12:53 PM
posted by:
Lariat Luxury Locomotive Liner No.3
I guess Toyota never received the memo?
10/30, 1:17 PM
posted by:
yarddog82abn
Since Toyota is No.1 now, they are going “JIHAD”
Ya…. I know that’s just, WRONG! but it is funny…. or no?
10/30, 1:19 PM
posted by:
Mike the loser
Yard………………well Jihad jokes are funny, but yours isn’t.
10/30, 1:21 PM
posted by:
Borat
LLL3, you are right. Folks working at Toyota plants are keep on working, it was poor souls at Chrysler, GM, Ford who got pink slips.
10/30, 1:26 PM
posted by:
johnnycanuck
Middle east Sequoias = target practice.
10/30, 1:26 PM
posted by:
yarddog82abn
And in most of Latin America the Nissan Patrol A.K.A. Xterra is King, trust me I now, and besides Latin America’s economy is not that strong, they highly relay on the U.S. so you cold say one time wonders. Hay they won’t me the only one time champ’s out there, right…
10/30, 2:47 PM
posted by:
Z06ified
I’m no Toyota fan, but I must say what they are doing is nice.
10/30, 3:31 PM
posted by:
freeyellow2000
yep leave it to toyota to get something good out of the slumping economy. its a win win for all parties involved… too bad the Big 3 didn’t think to jump on this
10/30, 4:34 PM
posted by:
TomF
LLC: “exportation” is not a word. I am going to mail you guys a dictionary. What’s your street address?
10/30, 9:09 PM
posted by:
alceuzito
Ah, great… So, here in Brazil, a country where we pay US$ 13,000 for a car with 1 liter engine and power windows, the Tundra will cost about US$ 60,000 (BRL 140,000), and the Sequoia, about US$ 100,000; so it will save many jobs with an average of one and a half sales per month.
10/30, 9:19 PM
posted by:
nitehawk
Very smart move. Saudi sheiks will certainly buy Sequoia’s, one for each member of the family. Btw, gas costs 11cents/litre in Saudi.
10/31, 9:50 AM
posted by:
Rick_WagonWheel
TomF
This from Websters:
export
verb |ikˈspôrt; ˈekspôrt| [ trans. ]
send (goods or services) to another country for sale : we exported $16 million worth of mussels to Japan.
• spread or introduce (ideas and beliefs) to another country : the Greeks exported Hellenic culture around the Mediterranean basin.
• Computing transfer (data) in a format that can be used by other programs.
noun |ˈekËŒspôrt| |ˈɛkˈspÉ”rt| |ˈɛkspÉ”Ët| (usu. exports)
a commodity, article, or service sold abroad : wool and mohair were the principal exports.
• ( exports) sales of goods or services to other countries, or the revenue from such sales : meat exports.
• the selling and sending out of goods or services to other countries : the export of Western technology.
• [as adj. ] of a high standard suitable for export : high-grade export coal.
DERIVATIVES
exportability |ikˌspôrtəˈbilitē| |ɪkˈspɔrdəˈbɪlədi| |ɛkˈspɔrdəˈbɪlədi| |-ˈbɪlɪti| noun
exportable |ikˈspôrtəbəl| |ɪkˈspɔrdəbəl| |ɛkˈspɔrdəbəl| adjective
exportation |ËŒekspôrˈtÄ sh É™n| |ˈɛkˈspÉ”rˈteɪʃən| |ˈɛkspÉ™rˈteɪʃən| |-ˈteɪʃ(É™)n| noun
exporter |ˈɛkspÉ”rdÉ™r| |ɪkˈspÉ”rdÉ™r| |-ˈspÉ”ËtÉ™| noun
ORIGIN late 15th cent. (in the sense ‘take away’ ): from Latin exportare, from ex- ‘out’ + portare ‘carry.’ Current senses date from the 17th cent.
But, Dammit to Hell, why didn’t we think of unloading our excess to Latin America? Why, I can see acres of lots of unsold inventory right here from my penthouse offices in the Ren-Cen in beautiful downtown Detroit. Oh, wait…that’s Chrysler’s lot. Whew!
Wait! I don’t want to buy all those unsold Chryslers!