Toyota increases investment in US plants to $13 billion, includes 600 manufacturing employments
Japanese automaker Toyota is increasing its investment in the U.S. by 30 percent to $13 billion by 2021, the organization said Thursday.
The organization promised in 2017 to invest $10 billion in its U.S. manufacturing plants more than five years.
The new arrangement incorporates including 600 employments at U.S. manufacturing plants, the organization said.
Toyota said it expects to expand production capacity and revamp factories in Huntsville, Alabama; Buffalo, West Virginia; Troy, Missouri; and Jackson, Tennessee.
Some portion of the arrangement incorporates increase generation of fuel-efficient vehicles. Toyota said it will produce hybrid versions of the RAV4 crossover and Lexus ES luxury sedan in Kentucky for the first time.