TOYOTA’s R6.1bn investment at its Durban plant has made it the latest global vehicle manufacturer to ramp up spending on local production.But while celebrating the single biggest investment in the local motor industry, the company has also flagged the need for stable labour relations and better productivity, emphasising that SA produced less than 1% of the 90-million vehicles made worldwide every year.At an event to mark the conclusion of Toyota SA’s latest investment at its Prospecton, Durban vehicle assembly plant, company CEO Andrew Kirby said that Toyota SA had spent R6.1bn to produce the latest Hilux and Fortuner models. A further R1.7bn was spent by suppliers, while Toyota SA has spent more than R400m on training for new production processes.Toyota SA’s R6.1bn is the biggest single investment so far in the local motor industry, eclipsing the R6bn announced recently by BMW SA to replace its 3-Series with the X3 model.Toyota SA chairman Johan van Zyl said the investment was made...
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