Toyota Set To Invest 400M Euros In Northern France Plant
Zacks Investment Research | Jan 22, 2018 04:50AM ET
Toyota Motor Corporation (NYSE:TM) is set to invest 400 million euros (352.98 million pounds) in its Onnaing plant in northern France, per a Reuters report. This investment will assist the Japanese vehicle maker to shore up its assembly line at the plant.
Situated near the city of Valenciennes, the plant has around 4,000 employees and process the Yaris model. This investment is in sync with the automaker’s strategy to expand the production capacity of its various plants.
Recently, Toyota and Mazda Motor Corp. announced that they have selected Huntsville, AL as their joint venture (JV) manufacturing site. Total investment of $1.6 billion will be made with equal funding contribution from both the companies.
The company has underperformed the Zacks Investment Research
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