Toyota’s Woes Are Cause for Concern

Published on 08 February 2010 by Sam Hall in Blog

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We want Toyota to succeed, so one day they will open their Mississippi plant and bring the thousands of jobs with them.

In the meantime, the State of Mississippi is hurting, and we are continuing to pay the debt services on a deal Gov. Barbour struck with Toyota despite the automakers’ failure to fulfill their obligations.

Recalls for Camry’s have dominated the news. Now comes another round of recalls, which is a harbinger of more fiscal woes for the company. These recalls affect the Prius, the model expected to be built in Mississippi.

The longer Toyota struggles financially, the longer it will be before they open the Mississippi plant. And the longer Mississippians will continue to throw their tax dollars at an empty site in North Mississippi.

Gov. Barbour needs to go back to Toyota and tell them that they should pay their own debt services until the time they can open the Mississippi plant.

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