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Toyota to invest R$11bn in the country, Brazil’s vice president says

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Vice President Geraldo Alckmin said Sunday (3) that he was about to attend an event on Tuesday (5) at Toyota to announce an investment of R$11 billion in Brazil for the production of new vehicle lines. According to Mr. Alckmin, the investment will create 2,000 jobs in the country.The news that Toyota’s Sorocaba plant will be expanded was first reported by O Globo columnist Lauro Jardim."Another success for Brazil and the Lula administration! On Tuesday (5), in Sorocaba (São Paulo), I’ll attend an event where, thanks to the federal government’s Mover and Fuel for the Future programs, Toyota will announce investments of R$11 billion in the country over the next few years, creating 2,000 jobs and launching new models," Brazil’s vice president wrote on social media.Mr. Alckmin stressed that the carmaker’s announcement "is a clear demonstration of the confidence that this...

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