Toyota Adds Another Electric SUV to US Production

Toyota plans to invest $1.4 billion in its plant in Princeton, Indiana, to assemble an entirely new three-row, battery-electric SUV.

The Indiana plant will add an extra 340 jobs to its existing 7,500 workers.  This announcement follows Toyota’s February 2024 announcement of a large investment in its Kentucky plant, to manufacture a range of electric SUVs using different processes.


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By |2024-06-02T21:23:41+00:00June 9, 2024|Tags: , , |

Ikea Expanding Capacity in the United States

Ikea will invest $2.2 billion to upgrade existing stores, and open new stores and designer centers in the U.S.

Ikea’s expansion is in direct contrast to store closing decisions by other retailers, including Bed Bath & Beyond, Walmart, and Best Buy.


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This post is based on the Business Insider article, Ikea is spending over $2 billion to open 8 new […]

By |2023-05-25T02:28:41+00:00May 24, 2023|Tags: , , |

Holiday Shipping Capacity Is Ahead of Demand

Shipping companies including the U.S. Postal Service, FedEx, and United Parcel Service will have enough capacity to achieve on-time deliveries this holiday season.

Consumers were enticed to shop early to take advantage of early holiday sales, shop more in stores, and moderate spending to counter inflation.  As a result, shipping volume was reduced, and shipments were spread over a longer period.

Nevertheless, shipping companies are maintaining a buffer of excess capacity of 10 million to 20 million parcels each day to meet […]

Toyota’s July Production Shortfall Due to Parts Shortages

Facing the challenges of semiconductor shortages and parts supply disruptions, Toyota lowered its July production forecast in Japan by 50,000 vehicles.

Toyota is expecting part shortages to be stabilized later in the year and will run additional shifts to meet the projected annual vehicle production volume of 9.7 million.

Read previous OM in the News posts about effects of the semiconductor shortage on the automotive industry, including some creative solutions


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