Japan based Toyota motors is set to invest further £240Mn ($300Mn) in its Toyota Manufacturing UK (TMUK) car plant in Burnaston, Derbyshire, UK.
The new line of investment will help Toyota improve plant competitiveness and will be progressively upgraded with new equipment, technologies and systems according to The Toyota New Global Architecture (TNGA) platform.
Toyota Motor Corporation is a Japanese automotive manufacturer headquartered in Toyota, Aichi, Japan. It was founded by Kiichiro Toyoda in 1937, as a spinoff from his father’s company Toyota Industries to create automobiles.
Toyota Motor Corporation produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu. It also holds a 16.66% stake in Fuji Heavy Industries, a 5.9% stake in Isuzu, a 3.58% stake in the Yamaha Motor Company and a 0.27% stake in Tesla.
Source: – Toyota’s Press Release