The automaker is investing more than $240 million (R$ 1 billion) for its Sorocaba Plant in Sao Paulo, Brazil. - Photo of Brazil via Pixabay.

The automaker is investing more than $240 million (R$ 1 billion) for its Sorocaba Plant in Sao Paulo, Brazil.

Photo of Brazil via Pixabay.

Toyota Brazil is manufacturing a new vehicle for the Brazilian market, which will be scheduled for commercialization in 2021.

The automaker is investing more than $240 million (R$ 1 billion) for its Sorocaba Plant in Sao Paulo, Brazil, according to Toyota. The plant, which opened in 2012 and already produces the Etios and Yaris models, will be responsible for the manufacture of a new model in the Brazilian market.

Details on the new vehicle, engine, and exact release date will be shared later.

The choice of Sorocaba Plant was due to the initial project of the unit, which already provided for the possibility of expansion, as well as the logistics ease of suppliers. To start production of this new vehicle, Toyota plans to hire 300 new employees.

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