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Toyota plans to build its first assembly plant in Mexico

Monday, March 23, 2015

Toyota Motor is finalizing plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month.

The plant would make the popular Corolla compact sedan and begin production in 2019. Based on recent investments by rivals, including Volkswagen, a new assembly plant would represent an investment of over $1 billion for Toyota.

Source: Reuters