(MENAFN) Japanese automaker Toyota Motor Corp unveiled plans to move its Yaris compact car production for North America to France from Japan in May 2013, Reuters reported.
The move will require investment of an additional USD10 million for the production from the French plant to meet the specific requirements of the North American market.
The relocation follows the tracks of other Japanese rivals including Honda Motor Co, Nissan Motor Co and Mazda Motor Corp to open new factories in Mexico to serve North America and reduce loss-making exports from Japan.
Toyota expected its annual export volume from France to the United States, Canada and Puerto Rico would total around 25,000 units.
Only gasoline versions of Yaris will be exported to North America, Toyota said.
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