Toyota Ending Scion Brand
February 03 2016 - 10:40AM
Dow Jones News
Toyota Motor Corp. is killing its Scion brand, folding the
vehicles back into the Toyota brand portfolio, 13 years after the
brand debuted and helped the company capture young buyers.
The brand will cease in August and Toyota will fold most of the
Scion branded vehicles into its Toyota lineup. There were only 22
"Scion" specific Toyota employees, and they will be offered
positions inside the Toyota brand.
Scion, which began with the 2003 model year, aimed to attract
younger buyers into the Toyota brand and give the company way to
try out experimental sales techniques and other promotions. Toyota
initially launched the brand with two vehicles, the subcompact
hatchback xA and XB, the latter becoming a big hit with its quirky
box-like shape. Soon after, Toyota sold the tC sports coupe, which
rapidly became its top selling model.
Write to Mike Ramsey at michael.ramsey@wsj.com
(END) Dow Jones Newswires
February 03, 2016 10:25 ET (15:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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