businessinsider.com
Joanna Zuckerman Bernstein and Alexandra Alper, Reuters
Apr. 14, 2015, 6:59 AM
Toyota Motor Corp will spend $1
billion to build a car factory in the central Mexican state of
Guanajuato, with plans to announce the investment on Wednesday, two
sources with direct knowledge of the matter said.
The 200,000-cars-a-year factory will create about 2,400 direct jobs,
one of the people told Reuters, declining to be identified because the
plan is not yet public.
Reuters reported earlier that the factory – Toyota's first to build
passenger cars in Mexico - would produce the Corolla compact car from
the summer of 2019, ending a self-imposed three-year freeze on new
investments.
President Enrique Pena Nieto will attend the announcement to be held in Mexico on Wednesday, the people said.
A Toyota spokeswoman in Tokyo said nothing had been decided.
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