Following Hyundai and GM, Toyota also invests 330 billion yen in Brazil = South Korean report

Toyota Motor Corporation will invest 1.1 billion reais (approximately 334.5 billion yen) in Brazil over the next few years. On the 3rd (local time), Brazilian Vice President and Minister of Industry Gerard Alchimín said,
Toyota will announce its investment plans on the 5th." After Brazilian media reported on the investment plan on the same day, Toyota Motor Corporation issued a statement saying,
I have no comment.'' However, Vice President Alchimín made the announcement on social media as follows: ``At an event scheduled to be held at the Toyota factory in Sorocaba, São Paulo state,
A financial plan will be announced." He continued, ``We hope this investment will create 2,000 jobs and lead to the launch of new models.''
Reuters reported, ``If Toyota Motor Corporation actually announces its investment plan, Volkswagen, General Motors (GM), Hyundai Motors, etc.
It will be the next global auto manufacturer to announce additional investment plans in Brazil this year."