Newsclip®: [Business] Toyota to invest $450mn to build new car plant in Malaysia

"TOKYO: Toyota Motor Corp said on Wednesday it will invest about 49 billion yen ($450 million) to build a new, 50,000-cars-a-year factory in Malaysia to meet growing demand in the Southeast Asian country.The construction would be part of a reorganisation of its Malaysian operations, under which the existing factory would stop building passenger cars and focus on commercial vehicles, Toyota said in a statement.The new plant, to be located in Klang, in the state of Selangor, will begin operations i", www.brecorder.com


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