Bondholder Toyota Manufacturing's vehicle production plant in Burnaston has been given a boost with the news that it will build a new model at the Derbyshire factory.
Toyota will make a Suzuki-badged version of its Corolla Wagon, which will be fitted with hybrid engines from the engine manufacturing plant in Deeside, North Wales.
Toyota Manufacturing UK Managing Director Marvin Cooke said: “This is good news for our UK plants and demonstrates Toyota’s trust in the capability of our UK workforce to deliver the highest levels of superior quality products.
“Seeking to produce additional volume for other customers is one example of all the efforts we are making to keep our UK manufacturing operations as competitive as they can be.”
Toyota’s partnership with Suzuki comes after the two companies signed a memorandum of understanding to work together back in February, 2017.
Akio Toyoda, president of Toyota Motor Corporation, said: “Through our new agreement, we look forward to the wider use of hybrid technologies around the world.
“We believe that the expansion of our business partnership with Suzuki - from the mutual supply of vehicles and powertrains to the domains of development and production - will help give us the competitive edge we will need to survive this once-in-a-century period of profound transformation.
“We intend to strengthen the competitiveness of both our companies by applying our strong points and learning from each other.”