Toyota Producing Corolla in Venezuela Despite Economic Headwinds

Toyota is launching a new Corolla model in Venezuela and has no plans to leave the country.

by Staff

November 14, 2017

Toyota Producing Corolla in Venezuela Despite Economic Headwinds — *Photo of the Toyota Corolla courtesy of Toyota Venezuela.*

1 min to read

*Photo of the Toyota Corolla courtesy of Toyota Venezuela.*

Toyota is launching a new Corolla model in Venezuela despite the country’s economic struggles.

Toyota, the only automaker left in the country, is producing 20 new Corollas per month, according to Reuters. The automaker is looking to continue to increase production into 2018 despite the economy. The Venezuelan automotive sector sold about 3,000 vehicles last year, compared to 500,000 in 2007.

Toyota said this year that it is building 100 cars in Venezuela daily, according to Wards Auto. The automaker said it has no plans to leave the country.

Meanwhile, the fleet market for multinational companies in the region has been contracting as companies begin to exit the market.

Earlier this year, General Motors ceased operations in the country after the Venezuelan government took control of General Motors’ Valencia plant, seizing company vehicles and other assets.

Topics:Global Venezuela Toyota Toyota Corolla Global Fleet

More Global Fleet

Cover of a whitepaper titled “The Hidden Costs of Departmentally Assigned Vehicles on Your Fleet” featuring a black fleet vehicle driving on a road at sunset. Subheadline reads: “Discover how your fleet can reduce costs and minimize risk by implementing vehicle sharing.” The document focuses on fleet optimization, vehicle sharing, cost reduction, utilization tracking, and risk management for fleet operations.

Why Fleet Managers Are Replacing Departmental Vehicles with Shared Motor Pools

Departmentally assigned vehicles often create hidden costs through underutilization, poor visibility, and increased administrative burden. This white paper explores how shared motor pool strategies help fleets reduce costs, improve accountability, and optimize vehicle utilization.

Fleet Costs Are Rising: Here’s How Leaders Are Responding

Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.