http://www.nytimes.com/aponline/2015/04/15/business/ap-as-japan-toyota.html?_r=0
TOKYO — Toyota is building two new auto plants, one in Mexico and the other in China, ending a 3-year hiatus from such ambitions that the Japanese automaker voluntarily imposed on itself after massive recalls.
Toyota Motor Corp. announced Wednesday it will invest $1 billion in the plant in Guanajuato, Mexico, creating 2,000 jobs, to make the Corolla subcompact — one of Toyota's biggest hits.
Production is to start in 2019, with annual output estimated at 200,000 vehicles. That will consolidate Corolla production for North America in that plant and Toyota's plant in Blue Springs, Mississippi.
Corolla production will end at its Ontario, Canada, plant, which will instead focus on more expensive mid-size vehicles, Toyota said, without giving specifics. The plant now produces Lexus models, the RAV4 sport-utility vehicle and the Matrix hatchback, in addition to the Corolla.
TOKYO — Toyota is building two new auto plants, one in Mexico and the other in China, ending a 3-year hiatus from such ambitions that the Japanese automaker voluntarily imposed on itself after massive recalls.
Toyota Motor Corp. announced Wednesday it will invest $1 billion in the plant in Guanajuato, Mexico, creating 2,000 jobs, to make the Corolla subcompact — one of Toyota's biggest hits.
Production is to start in 2019, with annual output estimated at 200,000 vehicles. That will consolidate Corolla production for North America in that plant and Toyota's plant in Blue Springs, Mississippi.
Corolla production will end at its Ontario, Canada, plant, which will instead focus on more expensive mid-size vehicles, Toyota said, without giving specifics. The plant now produces Lexus models, the RAV4 sport-utility vehicle and the Matrix hatchback, in addition to the Corolla.