Toyota Camry Faces $1,800 Cost Increase on Trump Import Tariffs
Toyota Motor Corp. is piling onto the broader auto industry's criticism of the Trump administration's imports investigation by warning how much more one of its most popular cars could cost due to tariffs. "A 25 percent tariff on automotive imports, which is just a tax on consumers, would increase the cost of every vehicle sold in the country. U.S.-built truck and car models like the Camry would be affected by the parts levies because all of them use at least some parts sourced from other countries. Toyota would most likely pass additional cost onto consumers, according to a spokesman. Ford Motor Co. has also spoken out against the Trump administration's investigation, with Chairman Bill Ford telling reporters last week that the company is "not in favor" of it.Toyota Camry Returns to Europe
as declared in Now, Toyota has decided to bring the Camry back to the continent where it will replace the Avensis. The Toyota Camry will come with one powertrain option: a 2.5-liter gas engine with an electric motor. With the addition of the Camry, Toyota will now have eight hybrid electric models in its European lineup. Toyota sells the Camry in more than 100 countries around the globe. The 2018 Toyota Camry rides on the automaker's new TNGA platform.Toyota on Trump tariffs: Expect a much pricier Camry
America's best-selling car could get almost $2k more expensive, Toyota has warned, if President Trump follows through on plans to impose new tariffs on vehicle imports. In fact, Trump is considering a whopping 25-percent tariff on vehicle imports, should they be deemed a security threat. The Commerce department aims to complete its investigation by the end of July or early August. In 2018 so far, Toyota has sold more than 150,000 of the Camry in the US. "A hundred and thirty-seven thousand Americans support their families working for Toyota, and Toyota and Lexus dealerships.
Toyota warns on potential tariff, says Camry cost would rise $1,800
Toyota (TM -1.5%) warns a 25% tariff on auto imports would increase the cost of every vehicle sold in the U.S., adding to the auto industry's criticism of the potential imposition of tariffs by Trump administration. 137K Americans "support their families working for Toyota, and Toyota and Lexus dealerships," the company says. Indeed, Toyota operates 10 manufacturing plants in the U.S. We are an exemplar of the manufacturing might of America." Specifically, TM says its Toyota Camry - made in Georgetown, Ky. - would face $1,800 per vehicle in increased costs. Yesterday, the Alliance of Automobile Manufacturers said a 25% tariff would cost U.S. consumers $45B annually, or $5,800 per vehicle.collected by :Edison Noah