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Toyota starts exporting U.S.-built Venza SUV to S. Korea.

TOKYO, Nov. 15 Kyodo

Toyota Motor Corp. said Thursday it started exporting U.S.-assembled Venza sport utility vehicles to South Korea last month, hoping to improve its price competitiveness amid the yen's persistent strength.

The automaker currently ships three other U.S.-built models to South Korea including Camry midsize sedans. This is the first time the Venza has been exported outside North America.

Toyota, Japan's largest automaker, said it plans to export to South Korea 600 units per year of the Venza, which was launched in the country on Nov. 1.

Toyota started exporting U.S.-assembled vehicles in 1988 and currently ships such cars to 21 countries and regions. The number of Toyota's exported U.S.-built vehicles will total over 130,000 in 2012, up from 85,000 the previous year, the automaker said.

It also expects to benefit from preferential tariff treatment under the U.S.-South Korea free trade agreement, which went into force in January.
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Comment:Toyota starts exporting U.S.-built Venza SUV to S.
Publication:Japan Transportation Scan
Geographic Code:9SOUT
Date:Nov 19, 2012
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