Toyota plans to invest an additional $3 billion in U. S. manufacturing plants as the Japanese automaker bolsters its North American production presence amid concerns…
Toyota plans to invest an additional $3 billion in U. S. manufacturing plants as the Japanese automaker bolsters its North American production presence amid concerns about tariffs.
The automaker deepened its commitment to American factories with plans to invest $13 billion in the period from 2017 to 2022, up from a previous plan of $10 billion.
On Thursday, the company specified plans to invest $749 million and hire 568 new workers at existing operations in Alabama, Kentucky, Missouri, Tennessee and West Virginia.
That includes adding the Toyota RAV4 Hybrid and Lexus ES 300H hybrid to its sprawling factory in Georgetown, Kentucky.
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It also includes increased engine capacity at the Huntsville, Alabama, plant, including 450 jobs by the end of 2021.
