Toyota resumes production in Venezuela after six months

by SpeedLux
Toyota Motor logo

Toyota stated on Friday it had resumed its Venezuelan factory after six months without producing cars due to the crisis, difficult currency lacks. This is a great news for the South American country suffering a roiling economic crisis that has closed numerous factories.

Automobile output in Venezuela plunged 86 percent in the first 6 months of the year due to scarcities of parts, the majority of which are imported.

“A few weeks back, we restarted our assembly operations here in the Cumana plant for our 3 designs, Corolla, Hylux and Fortuner,” stated Rafael Chang, Toyota Venezuela’s president, in a televised event.

The company prepares to begin exporting vehicles in the very first half of 2017 as well as supplying the regional market, the executive stated. Since last year, Toyota has been exporting parts from Venezuela as a manner of keeping its operations afloat.

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