Toyota Plans to Move Production of GR Corolla to Britain

Group 1 - Toyota Motor Corporation (TM) plans to shift some GR Corolla production to the United Kingdom to utilize excess capacity and reduce delivery times in North America [1][2] - The company will invest approximately $56 million to establish a dedicated production line in its Burnaston plant, aiming for an annual output of around 10,000 cars by mid-2026 [2] - The current production facility at Motomachi Plant is at full capacity, producing about 25,000 vehicles last year, including 8,000 GR Corollas, which is insufficient to meet the growing global demand for high-performance models [3] Group 2 - A recent trade agreement between the UK and the US will reduce tariffs on car imports from the UK from 25% to 10% for up to 100,000 vehicles annually, making the UK a more cost-effective export base compared to Japan [4] - TM's stock has decreased by 12.7% over the past year, while the industry has seen a decline of 16.8% [5]