Toyota Motor Corporation (TMC) said today it will build a new plant – its third - in Sorocaba, São Paulo, Brazil for Toyota do Brasil Ltda. (TDB), its Brazilian sales and manufacturing company.
TMC purchased land for the plant in July 2008, just before the reckless practices of Wall Street caused the ongoing global Great Recession. TMC has now decided to start construction in September 2010, with production of a newly developed Corolla-class compact car to begin in the second-half of 2012.
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