Toyota ups investment in US plants to $13 billion


Toyota said it intends to increase generation capacity and revive factories in Huntsville, Alabama; Buffalo, West Virginia; Troy, Missouri; and Jackson, Tennessee.

The company vowed in 2017 to spend $10 billion in its own U.S. factories within five years.

Toyota ups investment in US plants to $13 billion, Also adds 600 manufacturing jobs. Japanese automaker Toyota is upping its investment at the U.S. by 30 percent to $13 billion by 2021, the company said Thursday.

Part of this program includes ramping up the production of fuel-efficient vehicles. They said it will create hybrid versions of this RAV4 crossover and Lexus ES luxury sedan in Kentucky for the first time.

Author: Aalok Khokhar

Aalok Sharma has been conducive to our News channel not simply with his exquisite skills however conjointly with his precious information within the field of science, technology, and business. His interest and fervor lie discovering and exploring the result of the changing nature of technology in many industries and conjointly on the international economy. he's a post-graduate in media and his passion for writing reveals through his articles on shopper way.