Toyota announces new investment in Brazil

Brazil
Published:  02 October, 2018

The Japanese carmaker said it will upgrade and modernise all processes on the assembly line of an existing plant, which is to host the production of a new sedan to be launched in 2020.

Announced on September 28, Toyota says the R$1 billion (US$250 million) investment will be used to upgrade and modernise its manufacturing plant located in Indaiatuba, Brazilian state of São Paulo, over the next 18 months. Opened 20 years ago, the factory produces the Corolla, the best-selling Japanese car brand in the country.

The Japanese carmaker has not disclosed much information, but one of the implicit goals of the plant’s modernisation is the production of the next generation of the Corolla model expected to be launched by 2020. The sedan will now use the TNGA platform, the same used for the Prius, which guarantees greater versatility, including for hybrid production. In addition, Toyota could take advantage of the modern factory to expand the product range, such as to produce compact SUVs.