Hyperdrive
Brazil Vice President Says Toyota Will Invest $2.2 Billion
- Lula offering tax breaks for more energy efficient vehicles
- This year Volkswagen and GM announced investments in Brazil
Geraldo Alckmin
Photographer: Andressa Anholete/BloombergThis article is for subscribers only.
Toyota Motor Corp. plans to announce on Tuesday a 11 billion reais ($2.2 billion) investment in Brazil over the coming years, the country’s Vice President Geraldo Alckmin said.
On Sunday, Alckmin wrote on X, the social media platform formally known as Twitter, that the investment would create 2,000 jobs at Toyota’s factory in the city of Sorocaba, in Sao Paulo state.