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Toyota commits to UK with £240m investment

Thursday 16 March 2017, By Autovolo

Toyota commits to UK with £240m investment

Toyota commits to UK with £240m investment

Toyota has committed to the UK by investing more than £240 million into its Burnaston plant in Derbyshire.

The new site is set to be upgraded with new technologies and equipment. The investment also secures the jobs of the 2,500 people currently working there.

The Burnaston plant produced over 180,000 cars in 2016 – with Avensis, Auris and Auris Hybrid models all rolling off the line.

The investment includes up to £21.3m from the UK government, which will be used for training as well as research and development. It’ll also help the plant become far more environmentally efficient.

Dr Johan van Zyl, president and CEO of Toyota Motor Europe, said: “We are very focused on securing the global competitiveness of our European plants. The roll-out of TNGA manufacturing capability is part of this plan. This upgrade of TMUK is a sign of confidence in our employees and suppliers and their focus on superior quality and greater efficiency. We welcome the UK Government funding contribution for this activity.

“Our investment demonstrates that, as a company, we are doing all we can to raise the competitiveness of our Burnaston plant in Derbyshire. Continued tariff-and-barrier free market access between the UK and Europe that is predictable and uncomplicated will be vital for future success.”

Business and Energy Secretary Greg Clark said: “Our automotive sector is one of the most productive in the world and Toyota’s decision to invest £240 million upgrading its Burnaston plant is a further boost to the UK auto sector. I also welcome the prospect of investment to take Toyota New Global Architecture into the supply chain.

“Toyota is one of the world’s largest car producers and this inward investment underlines the company’s faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK.

“As we prepare to leave the EU, this government is committed through our Industrial Strategy to ensuring the UK remains one of the best places in the world to do business and we are able to help businesses seize on economic opportunities.”