Toyota to invest USD194.6 million in production of next-generation Vios in Philippines
Most of investment to go towards producing five mandatory automotive parts – body shell assembly, large plastic assembly, common parts, shared testing facility, and strategic parts
Toyota Motor Philippines (TMP) plans to invest PHP9 billion (USD194.6 million) over a six-year period under the automaker's impending Comprehensive Automotive Resurgence Strategy (CARS) to produce the next-generation Vios model, according to a report by the Manila Bulletin.
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