Toyota announces investment of R $1 billion to produce new car in Brazil

Toyota announced on Thursday (19), in Japan, the investment of R $1 billion in its automobile factory in Sorocaba (SP). The goal of the Automaer is to produce a new car in the unit in 2021. The model has not yet been revealed, but the expectation is to be an SUV. Currently, Toyota does not have a vehicle to compete among the compact SUVs, such as Jeep Renegade and Honda HR-V, in the Brazilian market. According to the Automaer, 300 workers will be hired to expand production on site, where Etios and Yaris are already produced. Last June, Toyota fired 340 employees in the units of Sorocaba and Porto Feliz due to the closing of the third round of production. Despite the investment of R $1 billion, the Automat does not enter the program IncentivAuto, which requires the creation of at least 400 jobs-100 more than that offered by Toyota. According to the governor of São Paulo, João Dória, present in the announcement, if the brand creates more 100 vacancies in the unit by the end of 2020, it will be contemed with the benefits of the incentive program. Structure in Sorocaba The factory project, which was inaugurated 7 years ago, predicted the possibility of enlargement, and its choice to produce the new vehicle was also motivated by the ease of logistics with suppliers, said Toyota. With initial investment of US $600 million in 2012, the Sorocaba factory had already received another contribution of R $1 billion in January 2015. Its current production capacity is 108,000 units per year. Other automakers also invest In addition to Toyota, other automakers recently announced investments in Brazil: GM will make a contribution of R $10 billion, between 2020 and 2024, in its factories in São Paulo; Fiat will invest R $8.5 billion in Minas Gerais and R $7.5 billion in Paraíba; Scania announces investment of R $1.4 billion in truck factory in SP; Hyundai invests R $125 million in Piracicaba factory; Honda will have investment of R $500 million for motorcycle factory in Manaus.