SAO PAULO -- Toyota Motor said Wednesday that it will spend 1.7 billion reals ($334 million) in Brazil to produce a new compact hybrid vehicle that can be powered by biofuel.
Automobiles
Toyota to invest $334m to make compact biofuel hybrids in Brazil
Carmaker seeks to provide consumers with cheaper, eco-friendly vehicles
A Toyota Yaris Cross hybrid SUV, one of the models that may be newly assembled in Brazil. (Photo by Koji Uema)
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