Toyota to move Corolla production from Canada to Mexico to cut costs

Toyota to move Corolla production to Mexico to cut costs

(Reuters) – Toyota Motor Corp 7203.T, the world’s biggest automaker, plans to move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, the Globe and Mail reported, citing sources familiar with the situation.

Costs at Toyota’s assembly plants at Cambridge and Woodstock in Ontario are higher than at its U.S. factories and it makes sense to produce the more expensive vehicles in Canada, the newspaper quoted sources familiar with the matter as saying.

Sources told Reuters that Toyota will spend $1 billion to build a car factory in Mexico, which is expected to begin functioning from the summer of 2019, ending a self-imposed three-year freeze on new investments. Toyota also plans to announce a new car factory in Guangzhou, China, this week.

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Qatar prince ready to invest Rs 1 lakh crore in 10 smart cities

Has formed JV with Delhi businessman and held meeting with UP, AP CMs

By BS Reporter

The government may be inviting the Americans, Chinese and Japanese to invest in India, but just one person is ready to put in Rs 1 lakh crore over the next five years.

Enthused with the new government’s spirited approach towards new investment, a prince of Qatar, Hamad Bin Nasser A A Al-Thani, member of the ruling family, is looking at investing the sum in at least 10 smart cities.

The 51-year-old has already tied up with a 31-year-old Delhi-based businessman, Mitesh Sharma, for taking the investment forward through projects in real estate, sea ports and airports, besides smart cities. According to a person working for Hamad, the two recently registered a company, NRS Enterprise Pvt Ltd, in India through which the investment would be routed.

“Prime Minister Narendra Modi’s ambitious ‘smart cities’ project has caught the attention of the prince. The investment will be made over the next five years,” said the person.

The investment announcement came after the two partners met Uttar Pradesh chief minister Akhilesh Yadav on November 20 and his Andhra Pradesh counterpart, Chandrababu Naidu, on November 22.

The focus of this huge investment is on 10 smart-city projects in a first phase, besides power, solar energy, infrastructure development, health care and education. They are aiming for the first project to take off by February-March 2015.

The Union government has decided to support the development of 100 in the country. According to the high power expert committee (HPEC) on investment estimates in urban infrastructure has assessed a per capita investment cost of Rs 43,386 for a 20-year period. Their estimates cover water supply, sewerage, sanitation and transportation.

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The award-winning bridge connecting Iranians

Project dubbed as ‘the third symbol of Tehran’ earns international recognition for architect Leila Araghian.

Ted Regencia

As an architecture student, Leila Araghian, 31, recalls roaming the sycamore-lined boulevards of her hometown, Tehran, looking for the next adventure. Once, she and a friend were passing by a bridge along Zafar Street, when they spotted a brown leather sofa outside a building.

So they got an idea, and dragged the sofa onto a small bridge, one of many that dot the creeks running through Tehran. As they sat there watching the water flow beneath them, they thought how much better it would be, if people could actually hang out on bridges, rather than just cross over them.

That friend, Alireza Behzadi, would become Araghian’s collaborator in her most important project so far, the Pol-e-Tabiat, or Nature Bridge, which opened in late 2014, and is now being called “the third symbol of Tehran“. The pedestrian bridge has won three awards in Iran.

And on Tuesday, it picked its first international recognition, winning a 2015 A Popular Choice prize in highways and bridges category, from a New York-based architectural organisation, Architizer. A panel of international jurors also nominated it as one of the top five finalists in architecture and engineering category.

Araghian recalled that late afternoon stroll with Behzadi many years ago, as she explained the inspiration behind her project, which she designed when she was only 26.

“Usually, bridges are designed in a straight line. And that straight line will produce a one point perspective that will tell you to just go. But we want to keep people on the bridge,” she told Al Jazeera.

“The bridge is not just a structure to connect from one point to another, but also a place to stay and enjoy.”

Soaring 270m across Modarres Highway, Pol-e-Tabiat, which connects two parks in the northern district of Iran’s capital, reflects her aspirations about Iranian architecture, Araghian said.

Mohammad Mohammadzadeh, an architect, author and critic, told Al Jazeera that projects like Araghian’s “reveal a huge capacity in the emerging generation of architects, who have been willing to form a progressive trend in Iran”.

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