Toyota invests $2.2bn in Brazil by 2030 for hybrid vehicle production, creating 2,000 jobs.
Toyota has announced a $2.2 billion investment in Brazil by 2030, focusing on hybrid vehicle production. The investment, confirmed by Toyota CEO in Brazil, Evandro Maggio, will create around 2,000 jobs and expand production capacity in Latin America's largest economy for models using hybrid-flex fuel technology. The company plans to make two "flex hybrid" models in Brazil, using either petrol or ethanol as well as batteries.
March 06, 2024
13 Articles