Toyota downshifts U.S. Prius plant

  • 18-Dec-2008 04:08 EST
When production will begin at a new U.S. plant for Toyota's Prius hybrid-electric vehicle is up in the air. Citing an ailing auto market, the company issued a statement Dec. 15 saying it is suspending certain activities related to getting the Blue Springs, MS, plant up and running. One activity it will not suspend is building construction. That part of the project, currently 90% complete, will bring the company's investment in the plant to $300 million, according to the Toyota statement. Remaining work, such as installing equipment, is being delayed indefinitely. The statement goes on to say, "it is impossible to say at this time when production will begin ... We are committed to completing the Mississippi plant when market conditions allow."
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