English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 19 September 2019, 13:11 HKT/SGT
Share:
    

Source: Toyota Motor Corporation
Toyota to Invest R$1 Billion in its Plant in Brazil to Produce New Vehicle

Sao Paulo, Brazil, Sept 19, 2019 - (JCN Newswire) - Toyota Motor Corporation announces that Toyota do Brasil Ltda. (TDB), TMC's Brazilian sales and manufacturing subsidiary, has just formalized its intention to invest R$ 1 billion in its Sorocaba Plant in Sao Paulo, Brazil. The plant, which opened in 2012 and already produces the Etios and Yaris models, will be responsible for the manufacture of a new model in the Brazilian market scheduled for commercialization in 2021.

The choice of Sorocaba Plant was due to the initial project of the unit, which already provided for the possibility of expansion, as well as the logistics ease of suppliers. To start production of this new vehicle, Toyota plans to hire 300 new employees.

Masahiro Inoue, CEO of Toyota Latin America & Caribbean and Chairman of TDB stated that, "Toyota's commitment to the development of the Brazilian automotive industry and to Brazil is only possible with a strong partnership between the various stakeholders of the company. This announcement of another investment we make in Brazil is the result of the joint work of our employees, suppliers, dealers, unions and the government and reinforces our long-term vision in the country."

Details on the new vehicle, engine, and exact release date will be shared at a later date.

"This announcement of another investment represents a stronger Toyota in Brazil," added TDB President Rafael Chang. "During this decade, which meant challenging times for the economy and the automotive industry, Toyota remained true to its commitment to pursue the smile of its customers, growing sustainably, seeking greater business competitiveness and, fundamentally, contributing to the development of its businesses where it operates."

About Toyota Motor Corporation

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926


Source: Toyota Motor Corporation

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Toyota Motor Corporation Links

http://www.toyota-global.com

https://plus.google.com/+toyotaglobal

https://www.facebook.com/ToyotaMotorCorporation/

https://twitter.com/TOYOTA_PR/

https://www.youtube.com/user/toyotajpchannel/

https://ph.linkedin.com/company/toyota

Toyota Motor Corporation Releated News
July 10, 2020 17:00 HKT/SGT
TOYOTA GAZOO Racing、WRCチャレンジプログラムで勝田 貴元がラリー・エストニアからWRCへの参戦を再開
July 10, 2020 16:22 HKT/SGT
TOYOTA GAZOO Racing WRC Challenge Program
July 10, 2020 13:30 HKT/SGT
TOYOTA GAZOO Racing、SUPER GT 開幕直前オンラインイベント「オンラインTGRステージ開幕スペシャル」を開催
July 9, 2020 10:00 HKT/SGT
TOYOTA、カローラシリーズに「力強さ」と「機能性」を兼ね備えた新型コンパクトSUV「カローラ クロス」を追加、タイで世界初公開
July 9, 2020 09:59 HKT/SGT
"Corolla Meets SUV"--Toyota Unveils Corolla Cross in Thailand, The New Compact SUV with Strength and Functionality to the Corolla Series
More news >>
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575