Toyota to expand its investment in Turkey to build the new crossover image
Toyota said it would invest around 350 million euros in its Turkish production line to build the future crossover based on the C-HR concept.
Toyota Motor already confirmed the European production of the upcoming new crossover, revealing that it would be built at company’s manufacturing facility in Sakarya, Turkey, marking the first time when a hybrid-powered model is produced in the country. It will be Toyota’s third plant to produce hybrid vehicles in Europe, after the UK and France lines. The world’s largest automaker by sales is currently producing the Corolla and Verso models in Turkey, planning to boost the output capacity in Sakarya from 150 to 280 thousand vehicles per year once the new crossover starts to be build. The automaker however did not say exactly how many models it targeted to produce, only specifying that the Annual capacity of the future C-HR would depend on demand.
Employment at the Turkish factory is expected to increase from 3,000 to 4,000 in the months leading to the start of production, which is planned towards the end of 2016. The additional investment to support the plan is around 350 million euros for the project, for the total investment to reach 1.7 billion euros. Hiroshi Kato, chief executive of Toyota Motor Manufacturing Turkey, said the company exported 80 percent of its production and this level would rise to around 90 percent once it is in full-year production in 2017.
Separately, Toyota Motor announced it resumed production at its vehicle assembly plants in Japan on Monday, following a one-week stoppage after the January explosion at its Aichi Steel Corp affiliate steel plant which resulted in a steel shortage.