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Toyota Announces $1 Billion Investment in US Plants
The $1 billion investment will boost production of Camry, RAV4, and Grand Highlander models while preparing Kentucky for Toyota's second battery electric vehicle, officials said.
- Toyota announced it would spend $1 billion at its plants in Kentucky and Indiana as part of a plan to invest up to $10 billion in its U.S. operations over the next five years.
- The company will invest $800 million in its Georgetown, Kentucky plant to increase production capacity of the Camry sedan and RAV4 crossover, and $200 million in its Princeton, Indiana plant to boost capacity for the Toyota Grand Highlander SUV.
- Toyota is also donating $4.4 million to schools in Kentucky to foster the future workforce and U.S. manufacturing.
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JUST IN: Toyota Announces Additional $1B Investment in U.S. Manufacturing * 100PercentFedUp.com * by Kaley
This is huge! Japanese automaker Toyota just announced an extra $1 billion investment into their manufacturing plants in the United States. This comes just days after Japanese Prime Minister Sanae Takaichi’s historic visit to the White House. Check it out: BREAKING: Japanese automaker Toyota just announced an ADDITIONAL $1 BILLION investment into US manufacturing plants days after PM Sanae Takaichi visited President Trump at the White House The…
Toyota to Invest $200 Million in Southern Indiana Plant
Source: KAMIL KRZACZYNSKI / Getty PRINCETON, Ind. — Toyota is investing $1 billion in its plants in Kentucky and Indiana. On Monday, the car manufacturer announced that $200 million will be going towards their plant in Princeton, Indiana, to increase capacity for the Grand Highlander SUV. Stacy Carr, manager of corporate communications for Toyota Motor North America, said this is another significant investment for the area. “It really speaks to …
Observador
Jornal de NegóciosThe Kentucky factory will receive $800 million for electrical assembly lines. Indiana will have $200 million to increase production capacity of the Grand Highlander model.
Toyota Motor Corporation announced on the 23rd (24th Japan time) that it will invest a total of $1 billion (approximately 160 billion yen) in its two U.S. plants. This investment will be used to prepare for the production of newly introduced electric vehicles (EVs) and to expand facilities for increased production of hybrid vehicles (HVs)…
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