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Black-Toyota-Camry

Black-Toyota-Camry

Toyota will invest € 265 million (228 million pounds) in Europe to build the next generation of its compact hatchback Auris in the UK and a compact sedan in Turkey, amounting to 1,900 new jobs in total.

"This announcement ... is in line with our plan to increase local production for cars sold in Europe," Didier Leroy, President and CEO of Toyota Motor Europe, said.

The Japanese carmaker, which is suffering under a strong yen, wants to both increase the total volume of compact cars produced in Europe while better utilising plant capacities through regrouping production.

Further Leroy added that, "The C-segment hatchback is a core vehicle for Toyota, competing in a strategic segment of the European automobile market, while sedans are stronger sellers in Eastern Europe."

Toyota expects to recruit up to 1,500 additional workers in the UK, with a first recruitment phase of around 500 from the middle of 2012. Meanwhile Turkey would build the next compact sedan alongside the Toyota Verso, creating 400 jobs within the next two years.

Toyota Camry

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