Toyota’s SP Factory Will Receive 1 Billion Reais and Hire 300 People

Chosen Factory Is in Sorocaba, SP and Investment Will Fund the Implementation of a Production Line for a New Toyota Car

With constant investments in SP, the Japanese company Toyota, a vehicle manufacturer, announced this Thursday (09/19) that it will invest around R$ 1 billion in its Sorocaba factory.
The investment is for the implementation of a production line for a car expected to launch in the Brazilian market in 2021. Petrobras Raises Diesel and Gasoline Prices at Refineries Today!

The Sorocaba (SP) factory was chosen precisely because it already has possibilities for expansion in the initial project and also has a good supply chain nearby, which facilitates logistics.
The factory has been operational since 2012 and already produces the Etios and Yaris models of the brand. Toyota has not disclosed further details about the new vehicle or the launch date.

However, according to information gathered by UOL Carros, the news is a compact SUV, derived from a low-cost concept by Daihatsu (a brand owned by Toyota), and production will begin in March 2021.

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Job Creation

The expansion of the unit will benefit the state of SP, as in addition to the taxes collected for public coffers, it will stimulate the economy of the Sorocaba region by creating 300 new jobs.

Masahiro Inoue, CEO of Toyota Latin America & Caribbean division and chairman of the Toyota in Brazil, stated in a statement that the investment demonstrates the company’s long-term commitment to Brazil, and the president of the automaker in Brazil, Rafael Chang, declared that “This investment represents a stronger Toyota in Brazil.”

Read Also! Seven Months After Announcing the Closure of Its Factory in São Bernardo (SP), and Announcing in July the Start of Mass Layoffs, Ford Announced That Caoa Has Strong Interest in Buying the Closed Factory in the ABC Region.