Contrary to lore, American cars are a hot export product that is in high demand abroad – as long as there are foreign badges on the Made in America cars. For the first time, Toyota will ship U.S.-made Venza to Russia and China, says The Nikkei [sub].
Toyota will ship 4,000 Venza to Russia, 1,000 to Ukraine, and “several thousand” to China. By 2014, Toyota expects to be exporting 150,000 vehicles a year from the U.S., 20 percent more than in 2012.
In December, TTAC reported that transplants export cars in surprising numbers. BMW exported 70 percent of the 276,000 cars it built 2011 in Spartanburg, SC, helping South Carolina overtake Michigan as the No. 1 exporter of automobiles. Mercedes-Benz exports half of its cars made at its Birmingham, Ala. plant to countries outside NAFTA. Honda wants to become a net exporter of American made vehicles. At Nissan, “the numbers are trending toward Nissan being a net exporter,” a spokesman in Yokohama said.
All these exports create American jobs for Americans in America, and they improve the American trade balance. In a few minutes, UAW operatives will tell you it’s all wrong.