Toyota to invest €80 million in European R&D

In a decision that reinforces Toyota’s long-term commitment to localize its European vehicle development, the Japanese automaker announced that it will invest an additional €80 million ($115 million or £65 million) in its European Technical Center located in Zaventem, Belgium, which is also home to Toyota’s European Head Office. Starting in 2009, the Technical Center will set up a new 1.3 km long test track for development purposes that will include different driving surfaces and slopes reflecting European road conditions. Toyota will also introduce new test equipment, and renovate premises to create an additional 12,000 m2 in workshop space.