JAPAN: Toyota to resume plant construction in Brazil and US
Toyota Motor is ready to resume construction work at its new assembly plants in Brazil and Mississippi which were put on hold during the economic downturn.
According to the Nikkei business daily, the company has not confirmed the move but analysts told Reuters that re-starting work on the factories would not be a surprise given the growth in the Brazilian market along with rising sales in the US.
The Brazil plant, Toyota's second in the country, will produce small vehicles for the local market, with an annual output capacity of around 100,000 units. Operations may start next year, the Nikkei said.
In the first four months of this year, Brazil overtook Germany to become the world's fourth-largest car market after China, the United States and Japan.
The factory in Mississippi could also start production next year, added the Nikkei. This plant was originally due to start operations this year and will produce about 100,000 Corolla models a year.
Toyota closed its Californian plant at Fremont earlier this year. The plant, a joint venture with General Motors had built Corollas and a Pontiac variant for GM.
Round and round, the Opel Antwerp saga continues on its tortuous path...
In all the barrage of publicity and significant wads of government cash being pushed in the general direction of electric vehicles, lurks a technology whose genesis has been around for a considerable ...
Fiat is in talks with the government of Brazil's state of Pernambuco to open a second car factory in Brazil....
Toyota Motor said its Thai unit will increase annual Innovative International Multi-purpose Vehicle (IMV) production capacity at its Ban Pho Plant from 140,000 units to 220,000 units in August 2011 wh...
New vehicle sales in Vietnam continued to decline in November by 8.7% to 11,198 units from 12,259 units a year earlier, according to data released by the Vietnam Automotive Manufacturers Association (...
The Toyota Prius remained the top selling car in Japan for the 18th consecutive month in November according to figures from the Japan Automobile dealers Association....
- ANALYSIS - Jaguar takes on Porsche with F-PACE
- THE WEEK THAT WAS - platforms to go to
- Peugeot steps up a gear with new 3008
- Delphi Powertrain VP on compliance - Q&A
- Geely/Volvo architecture cooperation bears fruit
- Peugeot reveals revamped 3008 compact SUV
- Tesla chooses Mando for autonomous technology
- US and UK motorists divided on driverless cars
- Ford recalls 271,000 F-150s for brake job
- Romanian PM asks Ford for more