Tuesday, December 16, 2008

Even Mighty Toyota is not Recession Proof

Toyota Kills US-Built Prius | Hybrid Cars

A auto-manufacturing plant is a huge coup for a southern state. It brings jobs, jobs, jobs both directly and in support industries and generally means long-term prosperity to a region.

A Toyota plant is even a bigger win because the product is so highly regarded and enjoys so much brand loyalty. But in this market, nothing is safe. Even with the plant nearing completion, Toyota has decided to put it all on hold.

Mississippi's Prius Plant was put on hold indefinitely. Ouch

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