The procurement and supply of automotive information parts are in place in one step
Click on the blue word **
Global Auto Trade Network Information, 3On April 4, Brazil's vice president said that Toyota will invest $2 billion in Brazil.
Reuters).
Japan's vice president of Toyota Motor said on SundayToyota will announce on Tuesday that it will invest 11 billion reais ($2.2 billion) in Brazil over the next few years.
Toyota said in a statement on Sunday that it would not comment on potential future plans. Previously, these new investments were reported for the first time locally**.
Brazil's Deputy ** and Minister of Industry Geraldo Alckmin said on social **The investments will be announced at an event at Toyota's plant in Sorocaba, São Paulo state.
He addedThese investments are expected to create 2,000 jobs and launch new models.
Local newspaper O Globo columnist Lauro Jardim reported on Toyota's investment plans earlier Sunday, saying that Toyota would produce a hybrid car and a sport utility vehicle in Sorocaba, without specifying which models would be involved.
Toyota will be the latest global automaker to announce plans to increase investment in Brazil this yearThis follows companies such as Volkswagen, General Motors and Hyundai Motor opening new projects in Brazil.
Compiler: Global Auto Trade Network yuke).