Toyota to spend to 350mn euro to start producing hybrid engines in Turkey

ISTANBUL: Toyota Motor Corp will begin production in Turkey by year-end of a new hybrid engine model with an investment of more than 350 million euros ($396 million), Toyota's chief executive of Europe, Johan van Zyl, said on Thursday.

He told a news conference that the investment would create more than 1,000 jobs and that Toyota's Turkish production capacity would nearly double to 280,000 vehicles.