Toyota To Start Shipping U.S.-Built Camry To Korea
NEW YORK (AP) — Toyota said Monday that it plans to export U.S.-built Camry sedans to its distributor in South Korea.
The Japanese automaker said it expects to initially export about 6,000 vehicles, which will be assembled at the automaker's plant in Georgetown, Ky.
The Camry is one of Toyota's top-selling cars, both in the United States and globally. This is the first time the U.S.-assembled Camry will be exported outside of North America. The vehicles are scheduled to arrive in South Korea beginning in January, Toyota said.
Toyota began exporting U.S.-assembled vehicles in 1988. The exports increased 30 percent in 2010 to about 100,000 units and Toyota now exports U.S.-assembled vehicles to 19 countries around the world.
The automaker began exporting Indiana-made Sienna minivans to South Korea last month. Other exports include the Kentucky-produced Avalon sedan, the Indiana-produced Sequoia SUV and the Texas-produced Tacoma and Tundra pick-up trucks.
Camry exports to South Korea will ship from the Port of Hueneme, near Oxnard, Calif., Toyota said.
In morning trading, Toyota's U.S. shares rose $1.91, or 2.9 percent, to $68.13.