The slow exodus from Japan continues. Driven out by the strong yen, which turns exports into a money loser, Toyota is building out capacities abroad. Toyota will invest €265 million ($354 million) into its existing plants in Turkey and the UK. 1,900 new jobs will be created, 400 in Turkey, 1,500 in the UK.
According to the plan,production of the C-segment hatchback Auris will be concentrated version of its European-produced C-segment vehicles (petrol, diesel and hybrid) will be consolidated at their Burnaston plant (TMUK) in Derbyshire. Currently, the Auris is produced both in Turkey and the UK.
Toyota Motor Manufacturing Turkey (TMMT) in Sakarya, will not lose work, in the contrary. Along the Toyota Verso, the plant will build a new, unnamed compact sedan.
This change of production strategy is set to take place within the next two years.