Toyota ups investment in US plants to $13 billion

Toyota

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.

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