Toyota could source parts in Egypt for potential Saudi auto factory

Toyota could be sourcing parts from Egypt and Turkey to develop a potential auto factory in Saudi Arabia, Reuters reports. Toyota Motor plans to launch a feasibility study as early as this year on building the factory in Saudi Arabia and plans to sign an MoU on the study with the Saudi government after King Salman meets with Japanese Prime Minister Shinzo Abe in Tokyo on Monday, according to Nikkei Asian Review. It will make a final decision based on whether importing parts from Egypt and Turkey is more profitable than simply exporting finished vehicles to the region as it does now.