Toyota plans to set up a manufacturing facility in Germany, German trade magazine Automobilwoche has reported.
The magazine cited industry sources and said Toyota has started looking for a production site and is in talks with the Industrial Investment Council (IIC), a government agency which provides advisory services to foreigners who want to invest in eastern Germany.
IIC Automotive Director Christian Blank declined to comment, it added.
Last month Automobilwoche reported that Toyota wanted to build a Lexus plant in Germany, but the report was denied by Toyota (news item here).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData