A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. Japanese auto maker Toyota will announce on Tuesday an 11 billion real ($2.2 billion) investment for the next few years in Brazil, the South American country's vice-president said on Sunday. Toyota said in a statement earlier on Sunday, after local media had first reported the new investments, it had no comment on potential future plans. Brazil's vice-president and minister for industry Geraldo Alckmin said on social media the investments will be unveiled at an event in Toyota's factory in the city of Sorocaba, Sao Paulo state. Toyota would be the latest global automaker to unveil plans for extra investment in Brazil this year, following companies such as Volkswagen, General Motors and Hyundai Motor.

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Persons: Geraldo Alckmin, Lauro Jardim Organizations: Toyota, American, Sunday, Volkswagen, General Motors, Hyundai Motor Locations: Yokohama, Japan, Brazil, Toyota's, Sorocaba, Sao Paulo