Toyota to expand plant in Brazil’s Sao Paulo state, joining Volkswagen, GM
SAO PAULO (Reuters) – Toyota Motor Corp <7203.T> on Thursday announced a 1 billion reais ($243.29 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region.
Toyota said the funding would allow the Sorocaba plant, which builds the Etios and Yaris sedan models, to produce a new vehicle model. It did not provide details on the new model.
By Marcelo Rochabrun via Yahoo Finance