Toyota to consolidate Lexus production sites in US, Nikkei says

Core Viewpoint - Toyota Motor is consolidating the production of its luxury Lexus brand cars in the United States into a single location due to high tariffs imposed by the Trump administration [1] Group 1: Company Strategy - The decision to consolidate production aims to streamline operations and reduce costs associated with tariffs [1] - Previously, Lexus production was split between two locations, indicating a shift in strategy to adapt to changing economic conditions [1] Group 2: Industry Impact - The move reflects broader trends in the automotive industry as companies respond to tariff pressures and seek to optimize production efficiency [1] - This consolidation may influence competitive dynamics within the luxury vehicle market in the U.S. [1]