Toyota plans $1 bln car plant in Brazil-report

Newswire

RIO DE JANEIRO, June 26 (Reuters) - Toyota Motor Corp plans to build a new car plant in Brazil's Sao Paulo state worth more than $1 billion, Brazilian business newspaper Valor Economico said on Thursday. Valor said Toyota's second car plant in Brazil should be ready around 2010 and would produce over 200,000 small economy cars per year as well as engines. Last month, a Toyota spokesman confirmed the company was considering setting up a new plant to build low-cost cars in Latin America's ...

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