as informed in His comments come as the Government faces intense pressure to secure tariff-free access to the EU's single market for car manufacturers following Brexit . Could not subscribe, try again later Invalid EmailToyota is to invest £240 million in its plant in Derbyshire, but the car giant's boss has called for continued tariff- and barrier-free access between the UK and Europe. The Japanese firm said the investment into its plant in Burnaston will see the centre upgraded with new equipment, technologies and systems. But he warned: "Continued tariff- and barrier-free market access between the UK and Europe that is predictable and uncomplicated will be vital for future success." "I also welcome the prospect of investment to take Toyota New Global Architecture into the supply chain.
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Toyota to invest 240 mln pounds to upgrade UK car plant for future output
ReutersUPDATE 1-Toyota to invest 240 mln pounds to upgrade UK car plant for future output(Adds details, background) By Costas Pitas LONDON, March 16 (Reuters) - Japanese carmaker Toyota <7203.T> said it plans to invest 240 million pounds ($294 million) to upgrade its car plant in central England for future output, but retaining tariff-free access to EU markets after Brexit remained crucial. The British government would contribute an additional 21 million pounds to the investment, the carmaker said. Toyota builds the Auris hatchback and the Avensis family car at the plant in Burnaston in Derbyshire. "Continued tariff-and-barrier free market access between the UK and Europe that is predictable and uncomplicated will be vital for future success," he said. [nL5N1GL3NZ] The carmaker, which also operates an engine plant in North Wales, has invested over 2.5 billion pounds in Britain and employs over 3,000 people at its sites.
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