Latest news with #GRCorollas
Scottish Sun
3 days ago
- Automotive
- Scottish Sun
World's largest car maker hatching plans to invest £40 million in a new assembly line in UK
The move could mean new models entering the European market WHEELY MOVING World's largest car maker hatching plans to invest £40 million in a new assembly line in UK Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE WORLD'S largest car maker are planning to invest a whopping £40million for a new assembly line in the UK. The Toyota plant at Burnaston could be in line for a major investment, as the company weighs moving production for the US market from Japan to Derbyshire. Sign up for Scottish Sun newsletter Sign up 1 A new production line could be operational within 12 months Credit: PA:Press Association The car maker plans to invest around £41 million to set up a new production line dedicated to making GR Corollas, according to Reuters. Toyota has denied that Trump tariffs are behind the potential shift, despite taxes on Britain being 10 per cent compared to Japan's 25 per cent. In light of the potential move, Japanese automaker Toyota revealed that new cars could be added to the European market. Currently, the GR Corolla is only available in Japan and is exported to North America and select other markets. Burnaston plant currently produces the Corolla hatchback and estate for the UK and European markets, but production rates could significantly improve with the proposed investment. A new production line could be operational within 12 months, with reports suggesting that Japanese engineers may temporarily relocate to Derbyshire to assist with the transition. The first car built at Burnaston, in December 1992, was the Carina E. A rock-solid family motor specifically designed and engineered for Europe, hence the 'E'. It cost £12,145. In a world largely dominated by Sierras and Cavaliers, Carina E won many customer satisfaction awards for its advanced petrol engines, superior build quality, reliability and cheaper running costs. Much like Corolla today. Inside Toyota's UK production plant as it builds five MILLIONTH motor since first Carina E rolled off the line in 1992 Corolla is king at Burnaston now. One is born here every 142 seconds — almost 400 a day, 7,000 a month. Hatchback, estate and van. All with efficient self-charging petrol hybrids produced at Toyota's Deeside engine plant. All with Toyota's brilliant ten-year warranty. If you want a car that does everything it's meant to do really well, get a Corolla. It won't let you down. Burnaston also produced big numbers of the Avensis and Auris over the years, but switched back to Corolla in 2019. Park all five million British-built Toyotas end to end and they'd stretch from London to Tokyo and back. Toyota had invested an eye-watering £240million to upgrade the Burnaston plant in 2017. The car manufacturer had said the investment would boost competitiveness and promote the use of locally built components. At the time, Business and Energy Secretary Greg Clark said: 'Our automotive sector is one of the most productive in the world and Toyota's decision to invest £240 million upgrading its Burnaston plant is a further boost to the UK auto sector. I also welcome the prospect of investment to take Toyota New Global Architecture into the supply chain. 'Toyota is one of the world's largest car producers and this inward investment underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK. 'As we prepare to leave the EU, this Government is committed through our Industrial Strategy to ensuring the UK remains one of the best places in the world to do business and we are able to help businesses seize on economic opportunities.'
The Irish Sun
3 days ago
- Automotive
- The Irish Sun
World's largest car maker hatching plans to invest £40 million in a new assembly line in UK
THE WORLD'S largest car maker are planning to invest a whopping £40million for a new assembly line in the UK. The Toyota plant at 1 A new production line could be operational within 12 months Credit: PA:Press Association The car maker plans to invest around £41 million to set up a new production line dedicated to making GR Corollas, according to Reuters. Toyota has denied that Trump tariffs are behind the potential shift, despite taxes on Britain being 10 per cent compared to Japan's 25 per cent. In light of the potential move, Japanese automaker Toyota revealed that new cars could be added to the European market. Currently, the GR Corolla is only available in Japan and is exported to North America and select other markets. read more on motors Burnaston plant currently produces the Corolla hatchback and estate for the UK and European markets, but production rates could significantly improve with the proposed investment. A new production line could be operational within 12 months, with reports suggesting that Japanese engineers may temporarily relocate to Derbyshire to assist with the transition. A rock-solid family motor specifically designed and engineered for Europe, hence the 'E'. It cost £12,145. Most read in Motors In a world largely dominated by Sierras and Cavaliers, Carina E won many customer satisfaction awards for its advanced petrol engines, superior build quality, reliability and cheaper running costs. Much like Inside Toyota's UK production plant as it builds five MILLIONTH motor since first Carina E rolled off the line in 1992 Corolla is king at Burnaston now. One is born here every 142 seconds — almost 400 a day, 7,000 a month. Hatchback, estate and van. All with efficient self-charging petrol hybrids produced at All with Toyota's brilliant ten-year warranty. If you want a car that does everything it's meant to do really well, get a It won't let you down. Burnaston also produced big numbers of the Avensis and Auris over the years, but switched back to Corolla in 2019. Park all five million British-built Toyotas end to end and they'd stretch from London to Tokyo and back. Toyota had invested an eye-watering £240million to upgrade the Burnaston plant in 2017. The car manufacturer had said the investment would boost competitiveness and promote the use of locally built components. At the time, Business and Energy Secretary Greg Clark said: 'Our automotive sector is one of the most productive in the world and Toyota's decision to invest £240 million upgrading its Burnaston plant is a further boost to the UK auto sector. I also welcome the prospect of investment to take Toyota New Global Architecture into the supply chain. 'Toyota is one of the world's largest car producers and this inward investment underlines the company's faith in its employees and will help ensure the plant is well positioned for future Toyota models to be made in the UK. 'As we prepare to leave the EU, this Government is committed through our Industrial Strategy to ensuring the UK remains one of the best places in the world to do business and we are able to help businesses seize on economic opportunities.'
Yahoo
4 days ago
- Automotive
- Yahoo
Toyota to build more cars in Britain in free trade boost
Toyota is to begin building sports cars for the US market in Derbyshire, delivering a boost to British manufacturing weeks after Sir Keir Starmer struck a free trade deal with Donald Trump. The Japanese carmaker is poised to spend about $56m (£41.3m) on a production line used to make GR Corollas for American buyers, Reuters said on Tuesday. The move would help the company bring down wait times for the car in North America. About 10,000 cars a year will be made at Toyota's existing factory in Derbyshire, where output has fallen in recent years. Mr Trump announced plans to hit Japanese carmakers with a 25pc tariff in April. The government in Tokyo has been pushing to have this repealed amid worries it could hammer the nation's automotive industry. Roughly 9m cars are built in Japan annually, of which about 1.5m are exported to the US. The US president initially hit British-made cars with a 25pc tariff when he kicked off his global trade war in April. However, the rate was reduced to 10pc for 100,000 cars per year after Sir Keir Starmer signed a trade deal with Mr Trump earlier this month. Toyota declined to comment when approached by The Telegraph. Sources familiar with the situation told Reuters the company's decision was not directly linked to high tariffs imposed on Japanese carmakers by US president Donald Trump. Regardless, the decision to establish a manufacturing hub in Britain to serve the US is likely to be seized upon as a benefit of the US-UK free trade deal. The GR Corolla, which costs about $40,000 in the US, has proved popular with sports car enthusiasts, outselling every other manual Toyota model in the US in 2023. The company is reportedly battling to keep up with demand for the model. While it sells in lower numbers than other mass market models, Toyota is thought to make a higher margin from the cars. It is among a handful of cars currently being built at Toyota's Motomachi factory in Japan, where about 8,000 were made last year. It can take several months for a car made there to reach its destination in the US. It comes after separate reports in April that Toyota could begin producing the next version of its RAV4 SUVs in the US to mitigate the impact of Mr Trump's tariffs. The current model of the SUV is currently made in Kentucky, Canada and Japan, but Toyota had been planning to export the new version to the US from Canada and Japan. As well as 25pc tariffs on cars, Mr Trump has imposed a 24pc 'reciprocal' tariff on other Japanese goods, although both rates have been paused until July while negotiations take place. Ryosei Akazawa, Japan's economic revitalisation minister, was in Washington last week for a third round of negotiations about a potential trade deal. He has called the tariffs 'regrettable' and said Japan will 'strongly demand' that they are reviewed. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
4 days ago
- Automotive
- Yahoo
Toyota to build more cars in Britain in free trade boost
Toyota is to begin building sports cars for the US market in Derbyshire, delivering a boost to British manufacturing weeks after Sir Keir Starmer struck a free trade deal with Donald Trump. The Japanese carmaker is poised to spend about $56m (£41.3m) on a production line used to make GR Corollas for American buyers, Reuters said on Tuesday. The move would help the company bring down wait times for the car in North America. About 10,000 cars a year will be made at Toyota's existing factory in Derbyshire, where output has fallen in recent years. Mr Trump announced plans to hit Japanese carmakers with a 25pc tariff in April. The government in Tokyo has been pushing to have this repealed amid worries it could hammer the nation's automotive industry. Roughly 9m cars are built in Japan annually, of which about 1.5m are exported to the US. The US president initially hit British-made cars with a 25pc tariff when he kicked off his global trade war in April. However, the rate was reduced to 10pc for 100,000 cars per year after Sir Keir Starmer signed a trade deal with Mr Trump earlier this month. Toyota declined to comment when approached by The Telegraph. Sources familiar with the situation told Reuters the company's decision was not directly linked to high tariffs imposed on Japanese carmakers by US president Donald Trump. Regardless, the decision to establish a manufacturing hub in Britain to serve the US is likely to be seized upon as a benefit of the US-UK free trade deal. The GR Corolla, which costs about $40,000 in the US, has proved popular with sports car enthusiasts, outselling every other manual Toyota model in the US in 2023. The company is reportedly battling to keep up with demand for the model. While it sells in lower numbers than other mass market models, Toyota is thought to make a higher margin from the cars. It is among a handful of cars currently being built at Toyota's Motomachi factory in Japan, where about 8,000 were made last year. It can take several months for a car made there to reach its destination in the US. It comes after separate reports in April that Toyota could begin producing the next version of its RAV4 SUVs in the US to mitigate the impact of Mr Trump's tariffs. The current model of the SUV is currently made in Kentucky, Canada and Japan, but Toyota had been planning to export the new version to the US from Canada and Japan. As well as 25pc tariffs on cars, Mr Trump has imposed a 24pc 'reciprocal' tariff on other Japanese goods, although both rates have been paused until July while negotiations take place. Ryosei Akazawa, Japan's economic revitalisation minister, was in Washington last week for a third round of negotiations about a potential trade deal. He has called the tariffs 'regrettable' and said Japan will 'strongly demand' that they are reviewed. Sign in to access your portfolio
Yahoo
4 days ago
- Automotive
- Yahoo
Toyota to shift GR Corolla production to Britain
Toyota is set to relocate part of its GR Corolla sports car production to Britain, with plans to invest approximately $56m in a dedicated production line, reported Reuters, citing two people with knowledge of the matter. This strategic shift aims to utilise excess capacity in Britain to reduce delivery wait times for the GR Corolla, a move not influenced by US tariffs. The decision comes amidst the backdrop of the Trump administration's recent agreement to lower tariffs on auto imports from Britain to 10% for up to 100,000 vehicles annually. Meanwhile, Japan seeks to repeal the 25% tariffs imposed on all auto imports by the US, presenting an additional challenge for global automakers. Currently, Toyota manufactures the GR Corolla in Japan for both domestic and international markets, including North America. However, the high demand from engine enthusiasts in North America has outpaced supply. To address this, Toyota will reportedly establish a production line at its Burnaston plant in Derbyshire to produce 10,000 units annually from mid-2026. The Burnaston plant, operational since 1992, has experienced a production decline post-Brexit. It already produces the Corolla GR's base model, making it a suitable choice for the new production line. Engineers from Japan will temporarily assist in transferring production technology and expertise. In response to inquiries, Toyota stated it continuously seeks ways to optimise production, though it has not publicly confirmed this report. The GR Corolla is one of three high-performance vehicles produced at Toyota's Motomachi Plant, which is currently operating at full capacity. Last year, the Motomachi Plant produced around 25,000 cars, including 8,000 GR Corollas. Toyota's US facilities are also focused on meeting the demand for hybrids and other vehicles, limiting the possibility of shifting GR Corolla production there. Toyota plans to absorb any cost increases from tariffs through cost-cutting measures, ensuring prices remain stable. The GR series, inspired by Chairman Akio Toyoda's passion for racing, integrates motorsport technology into commercial vehicles. While the GR series' sales volume is modest, the vehicles offer higher margins due to their intricate production processes. The transfer of North America-bound production to Britain could allow the Motomachi plant to focus on vehicles for Japan and other markets. "Toyota to shift GR Corolla production to Britain – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
