Toyota Motor Corp (NYSE:TM) is considering producing the next version of its popular RAV4 SUV in Kentucky, U.S., to bypass President Donald Trump’s 25% tariffs on imported cars.
If the Japanese automaker opts for the Kentucky plan, it could start production there in 2027, Reuters reported Monday, citing unnamed sources familiar with it.
Toyota spokesperson Ed Hellwig, in an emailed statement to Benzinga, said that the company has been weighing ways to improve its manufacturing efficiencies to best serve its customers and provide stable employment for its team members.
The company stated that it had nothing to announce at this time and planned not to comment on speculation.
Also Read: Full story available on Benzinga.com
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