Toyota plans new factories in Mexico, China

Toyota logoThe Guardian – Toyota is launching its first major investment in new car factories for five years with a plan to build new plants in China and Mexico. The world’s largest carmaker expects to spend about $1.3 billion on the new facilities, opening them in 2018 in China and 2019 in Mexico. It will be Toyota’s first major investment since it began operating a new Thai plant in 2013.

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