A huge investment in Brazil was recently announced by Toyota, which has decided to further strengthen the presence of its Japanese company in South America
It looks like Toyota’s empire wants to expand more and more. The company is becoming increasingly present in the southern area of the United States of America, more specifically in Brazil. For the company to announce new restylings of its cars or the release of new cars produced by the Japanese company is not enough. In fact, to always produce new cars and in greater quantities, there is a need for more factories. It seems like the company has invested well 11 billion reais, which in dollars would be 2.2 billion, to further strengthen its presence by opening a new plant in Brazil. The news should become official tomorrow.
Toyota’s investment in Brazil, a word from the vice president
The Brazilian vice president and minister of industry commented on the indiscretion Geraldo Alckminwho added that details of Toyota’s investments will be officially revealed at the event at the Toyota-owned site located in the city of Sorocaba, which is located in the state of Sao Paulo. We still know nothing about the details of the company’s investment, except for one thing: this investment will lead to the creation of approx 2,000 jobs and who will launch new models on the market. According to a Reuters communication, the company will be able to build a car and an SUV precisely thanks to this investment, exactly at the Sorocaba plant, even if we don’t know what models they will produce. With this move, however, Toyota joins the list of automotive companies that have decided to invest in Brazil, such as Volkswagen, General Motors and Hyundai.
We are certainly expecting some big surprises from the company, and you? What do you think they will release with the opening of this new factory? Tell us what you think with a comment and continue to follow us on techgameworld.com for other news from the world of motors and much more.