Toyota, the largest Japanese car manufacturer, transfers part of the production of its sports model Corolla to Great Britain. The company plans to invest around $ 56 million in the Special Corolli Group production line on the Islands Reuters found out.
Reuters’ informants who spoke on the condition of anonymity claim that Moving to Great Britain is not a reaction to the duties of the US President Donald Trump. According to them, the purpose of transferring a part of the production from Japan is use of surpluses of production capacity in Great Britain, to shorten the waiting time for the delivery of the car.
The Trump administration agreed to lower the tariffs to 10 percent. For imports from Great Britain, a maximum of 100,000 cars per year.
Investment for $ 56 million
Until now, Toyota has produced a sports version of Corolla for the Japanese market and for export to North America in Japan, but the company was not able to meet the demand in North America.
The company plans to launch the production line in Department of Burenoon at Derbyshire. For this purpose, Toyota wants to spend about 8 billion yen ($ 56 million). Starting from mid -2026in a modernized plant 10,000 will be produced cars a year for export to North America – Reuters informators say. Last year from the Japanese assembly line About 25,000 cars, of which 8,000 They were models of GR Coroll.
The Derbyshire plant is already producing the basic Corolla model, Corolla Hatchback, which makes it a natural choice for the sports version of this model. The transfer of production from Japan to Great Britain is also an impulse for a plant that has advanced production technology, but since Brexit has noted a decrease in production.
Toyota will keep prices
Regardless of whether the cars will be exported from Japan or Great Britain, Toyota does not want to transfer these costs to customers. The company plans to cover all cost increases caused by duties by cutting costs and other funds and does not intend to raise prices.
The price of Corolla’s GR is about 6 million yen, That is twice as much as the standard model. While more customers go to electric and hybrid cars, sports cars still have an avid group of supporters. As one of the agency’s informers said, although the sale is not large, the cars themselves have a higher margin.
Source: Reuters
