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Automotive News
Citing weak market conditions in North America, Toyota Motor Corp. plans to slow down the launch of its new RAV4 assembly plant in Woodstock, Ontario, next year. The $1 billion plant will open late this year as planned with about 1,200 workers.
Falling gasoline prices helped boost wholesale prices of large used trucks in August, NADA AuctionNet data show. Average August wholesale prices of used full-sized pickups rose 7.
Despite signs of steadier U.S. auto sales in August, it remains uncertain whether industrywide sales in the largest vehicle market have hit bottom, Toyota Motor Corp. Vice Chairman Kazuo Okamoto said today. "It's hard to say whether the U.S.
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