Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Toyota Motor is closing the doors of its Sao Bernardo do Campo plant in Brazil after operating for more than half a century. It was reported that the closure has been decided to shift production to the company’s other divisions.
Toyota Motor revealed its plans to shut its Brazilian factory on Tuesday, April 5. The said facility is the company’s first-ever plant that was built outside of Japan, where it has originated and based.
According to Reuters, the Japanese carmaker shared that it will be closing the facility, but this will not be done at once but gradually. The process of the shift will begin in December this year, and the facility will be upgraded to be ready to accommodate the production of other products. The company is expecting the completion of renovations by November 2023.
In any case, the firm’s move is part of its plans to become more competitive when facing the challenges of the Brazilian market. It also wants to make changes for the sustainability of its business in Brazil.
For the 550 workers that will be affected by the plant’s closure, Toyota will make sure to retain them by transferring them to the company’s other facilities within the territory.
Meanwhile, it was on May 10, 1957, when Toyota first requested the Brazillian government for approval to build its first plant in the country. After more than a month, the request has been granted and the Toyota do Brasil Industria e Comercio Limitada was inaugurated on Jan. 23, 1958.
As stated on Toyota Global’s website, after the approval, Toyota Motor assembled 800 vehicle units that were exported in October of that year. By December, the company bought a plant from the local subsidiary of UK-based Rover, which was put up for sale as it decided to pull out its business from the Brazilian market.
From that time the production of the Land Cruise FJ25L model has started in May 1959. As its business progressed from this point, Toyota’s overseas production is now at 100% compared to the 60% rating when it first started.
Toyota’s Sao Bernardo do Campo plant measures around 190,000 square meters, and it was said to have the capacity to produce 250 vehicle units per month. It has complete facilities for the production process, including machining, heat treatment, painting, stamping, and assembly.
