Quantcast

Toyota to build Corolla in Brazil that will run on electricity, ethanol and gas


Reuters


SAO PAULO, April 17 (Reuters) - Japan'sToyota Motor Corp said on Wednesday it will begin building in Brazil a new version of the Corolla sedan that will run on electricity, ethanol and gas, the first vehicle of its kind to be built in Latin America.

Toyota said in a statement that it made the decision to build the Corolla in Brazil in part thanks to a package of tax incentives passed by the country's Congress, known as Rota 2030. Unlike in most markets around the world, ethanol is a common car fuel in Brazil.

OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">


SAO PAULO, April 17 (Reuters) - Japan'sToyota Motor Corp said on Wednesday it will begin building in Brazil a new version of the Corolla sedan that will run on electricity, ethanol and gas, the first vehicle of its kind to be built in Latin America.

Toyota said in a statement that it made the decision to build the Corolla in Brazil in part thanks to a package of tax incentives passed by the country's Congress, known as Rota 2030. Unlike in most markets around the world, ethanol is a common car fuel in Brazil.






This article appears in: Stocks , World Markets , Economy




More from Reuters

Subscribe






See Reuters News













Research Brokers before you trade

Want to trade FX?