Investment of 1.7 billion in a hybrid car should generate 700 new jobs in the Sorocaba region

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The announcement was made by Toyota do Brasil and the Government of São Paulo this Wednesday (19). A new car will be assembled at the engine plant in Porto Feliz, expected to arrive on the Brazilian market in 2024. Toyota factory in Sorocaba (SP) Disclosure; AutoEsporte Magazine A billionaire investment in the production of a hybrid car should generate 700 new jobs at Toyota do Brasil factories. The announcement was made this Wednesday (19) by the Government of São Paulo, after a meeting between the company’s president, governor Tarcísio de Freitas and other authorities at the Bandeirantes Palace. The support of the Government of São Paulo enables the execution of two projects by the Japanese automaker in Sorocaba: the production of a new hybrid-flex compact vehicle, with an investment of R$ 1.63 billion; and updating of another hybrid-flex model, with an investment of R$ 61.8 million. Toyota do Brasil has its entire manufacturing operation located in São Paulo; in the municipalities of Sorocaba, Indaiatuba, Porto Feliz and São Bernardo do Campo, with approximately 6 thousand employees. According to the company, the expectation is to create around 700 jobs with the new model with hydro-flex engine. According to the state government, the new car should be sold to 22 countries in Latin America and will be assembled at the engine plant in Porto Feliz, with a forecast to arrive on the Brazilian market in 2024. In addition, the governor announced the adhesion of Toyota do Brasil to the ProVeículo Verde Program, which encourages the development of less polluting vehicles with the release of accumulated ICMS credits. See more news from the region on g1 Sorocaba and Jundiaí VIDEOS: watch TV TEM reports

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