Toyota last week underlined its faith in Britain as a manufacturing base by investing £50 million in its Burnaston factory in Derbyshire, where Avensis and Corolla production capacity will be increased from 220,000 to 285,000 cars a year.
The world’s second-largest vehicle maker brought forward funding to meet growing demand, which has earned Toyota a record 5.7 per cent of the European car market during the first four months of 2004.
Prime Minister Tony Blair said the investment ‘affirms Toyota’s commitment to manufacturing in the UK as a central location within Europe’.
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