A new Toyota factory opened in Blue Springs, Mississippi. Company officials hope sales of Corollas goes up enough they can produce 150,000 new Corollas every year.
They also hope no more parts supply issues will hamper U.S. production.
The Mississippi plant could employ 2,000 people, and is the 14th Toyota factory in North America.
The factory was supposed to open more than two years ago, but the credit crisis hit Toyota’s financing for the construction, which caused the delay. Toyota officials specifically blamed the Lehman Bros. scandal. Thanks Wall Street!