Toyota to close Indaiatuba factory on June 30

Toyota will shut down its Indaiatuba plant in São Paulo state on June 30, 2026, after 28 years of operation.

The plant has produced more than one million vehicles since 1998. Corolla Sedan output moved to Sorocaba, with the shift beginning in 2024.

The company plans to open a second Sorocaba factory in November 2026 as part of an 11 billion reais investment program through 2030. The expansion created roughly two thousand direct jobs in the area.

The Sorocaba metalworkers union views the move positively and projects eight thousand indirect positions. Workers received transfer options or negotiated severance packages, with no unilateral layoffs.

The 2024 announcement prompted a strike and talks with the Campinas union. The deal included job stability and extra benefits for those affected.

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Illustration of SAIC Motor's new factory construction in Galicia, Spain.
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Saic chooses galicia for its first european factory

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Chinese group SAIC Motor has announced its first manufacturing plant in Europe, to be located in Ferrol and As Pontes with a 200 million euro investment.

Toyota announced it will stop development of next-generation electric vehicles. The company will instead allocate resources to SUVs amid strong demand.

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Honda Motor Co. will discontinue gasoline vehicle production at one of its four plants in China and may do so at another, a source close to the matter said Friday. The move is part of restructuring amid a shift in demand to electric vehicles in the world's largest auto market. The company aims to cut its annual gasoline vehicle capacity of 960,000 units there.

German biotech firm Biontech plans to cut up to 1860 jobs in Germany. It will close multiple production sites and end Covid vaccine production there this year. Only pure office locations will remain.

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Stellantis and Leapmotor announced today an expansion of their strategic alliance, including production of a new Opel electric model at the Figueruelas plant in Zaragoza starting in 2028.

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