Toyota invests £7m to build hybrid engine for crossover model
News
12 Feb 2016
Toyota has announced that its UK manufacturing body is set to invest £7 million in designing next generation hybrid engines at its Deepside plant in North Wales, for its UK crossover model.
The £7 million investment also includes a support grant of over £700,000 from the Welsh government.
Dr Johan van Zyl, Toyota Motor Europe president and CEO, commented: “The crossover market has been booming and will continue to grow in Europe and elsewhere. We are entering the C-segment crossover market with a fantastic new product with a hybrid powertrain from the start. It will provide our European operations with further perspectives for sustainable growth. I have full trust in our team members in Turkey and the UK to apply their skills and quality mind-set to building what will be a very exciting product.”
On a visit to Toyota’s plant at the Deeside Enterprise Zone, Edwina Hart, minister for Economy, Science and Transport, said: “This is excellent news and I am delighted this very significant investment has been secured for Toyota’s facility here. It will not only provide a platform for growth in what is an extremely competitive market but will also help secure the long term sustainable future of the plant and safeguard skilled, well-paid jobs in the region.
“Toyota’s importance to the Welsh economy is recognised by its Anchor Company status and I am pleased the Welsh government is supporting this latest investment on site.”
