Toyota to Expand South Africa Operations Despite Auto Strikes Last Year

Newswire

JOHANNESBURG, Feb 4 (Reuters) - Toyota is to invest 1 billion rand ($90 million) in production of its Corolla model in South Africa, giving a vote of confidence to the local auto sector after strikes last year led some to reconsider investment in the country. Wage-related stoppages in 2013 prompted BMW to say it was freezing expansion plans in the country and left others in a sector that accounts for 6 percent of GDP considering how much to invest there. But Toyota said on Tuesday it was ...

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