Toyota to Build Car Factory in Brazil

08/06/96

A report from Rio de Janeiro announced that Toyota, Japan's biggest automaker, will build a car plant in the Brazilian state of Sao Paulo. Toyota is the world's third largest vehicle manufacturer. The carmaker will invest $150 million in the first phase of the project. The factory should produce an annual 10,000 units of Brazil's best-selling model, the Corona.

Paul Dever -- The Auto Channel