Toyota Building Plants in Mexico, China; Seeks Growth Again

April 15, 2015 1:06 PM

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Toyota is building two new auto plants, one in Mexico and the other in China, ending a 3-year hiatus from such ambitions that the Japanese automaker voluntarily imposed on itself after massive recalls.

Toyota Motor Corp. announced Wednesday it will invest $1 billion in the plant in Guanajuato, Mexico, creating 2,000 jobs, to make the Corolla subcompact — one of Toyota's biggest hits.

Also read: Toyota to recall 5.8 million cars in Japan, China, Europe over Takata airbags

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