Poland attracts U.S. investment in car industry, holds talks with Toyota: minister By Reuters

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Poland attracts U.S. investment in car industry, holds talks with Toyota: minister

Published Oct 13, 2016 08:44AM ET

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Poland attracts U.S. investment in car industry, holds talks with Toyota: minister

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WARSAW (Reuters) - Poland has attracted a major investment in its automotive industry from the United States and it is also in talks with Toyota (T:7203) on a potential new project in Poland, Deputy Prime Minister Mateusz Morawiecki said on Thursday.

"We have a decision on another, big investment, American one, in the automotive sector," Morawiecki said without providing more details.

He was speaking at news conference on Daimler's (DE:DAIGn) plans to build a 500 million euro engine plant in south-west Poland, which was announced in May.

The plant will make engines for Mercedes-Benz passenger cars.

Markus Schaefer, board member for production for Mercedes-Benz Cars, who was also speaking at the news conference, said that the plant in Jawor, around 70 kilometres west of Wroclaw, would hire 500 people.

At a separate event on Thursday, Morawiecki was asked whether Toyota also had plans to invest in Poland. "Talks are being held," he said.

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