Automobile concern Toyota will release the updated model of the most sold car in the world Toyota Corolla in 2019. A new model will be produced at an American production line in Mississippi, the assembly line which produced a millionth Corolla car in 2017. To upgrade the assembly area, about $ 170 million will be spent and 400 additional jobs created. Also in 2021, with the cooperation of Toyota and Mazda a new plant in Alabama should be made, where they will also produce a new Toyota Corolla.
Over the past week, Toyota's shares have increased by 1.4% and will continue to grow on the news. Trade will be available during the American session, from 14:40 to 21:00 GMT.
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