You are here

UK govt gives Toyota assurance to bag £240m investment

Sources say the British business ministry has refused to make public the contents of a letter to Toyota

A Toyota factory in Derby, Central England. The document has sparked public and lawmaker concern about secretive deals. Toyota said on March 16 it would install its new car platform at its Burnaston plant.


THE British government helped to secure a more than £240 million (S$429 million) investment from Toyota in its English plant with a letter reassuring the Japanese carmaker over post-Brexit trading arrangements, two sources told Reuters.

Toyota said on March 16 it would...

Market voices on: