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Report – Toyota mulling $1 billion Mexico factory

Report – Toyota mulling $1 billion Mexico factory

Even more reports are now surfacing about Toyota’s prospective production freeze end, with the largest automaker in the world reportedly ready to invest $1 billion to build a new car plant in Mexico. According to two persons that have first hand knowledge of the plans, the biggest Japanese carmaker is […]

Fiat joins VW in reducing production in Brazil

Fiat joins VW in reducing production in Brazil

Fiat Chrysler Automobiles decided to stop production output between April 1 and April 6 at a production facility in Brazil because the lagging sales and exports of its cars yielded a rapid surge in stock levels. The almost 16,000 furloughed workers at the factory located in Betim, Minas Gerais, have […]

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Report: Toyota close to approval of Mexican factory

Report: Toyota close to approval of Mexican factory

Three sources that have knowledge of the company’s strategy have reported that Toyota Motor, the world’s largest automaker, is close to summing up its plans for a new passenger car assembly facility, its first in Mexico. The three people that spoke to Reuters under condition of anonymity because there has […]