Toyota (TM) Delays North American EV Production Due to Design Changes
TMToyota(TM) Gurufocus·2024-10-03 20:10

Toyota (TM, Financial) has announced a delay in its North American electric vehicle production until the first half of 2026, attributed to design adjustments and slowing EV sales. The Japanese automaker informed suppliers that the launch of its first all-electric model in the Kentucky plant, a three-row SUV, will be postponed by a few months.Toyota spokesperson Scott Vazin indicated that production might commence in early 2026 rather than at the end of next year. Initially, Toyota anticipated starting produ ...