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Toyota Ups Investment to $13 Billion

Toyota announced it will further increase its planned investment in the United States, as the automaker has pledged to invest $13 billion by 2021.

Toyota had previously announced an investment of around $10 billion in 2017. According to reports, that commitment will include adding production of hybrid models, increasing capacity and building expansions at several of its facilities. Facilities in Missouri, Tennessee, West Virginia, Alabama and Kentucky will all be improved or expanded by 2021.

In addition, Toyota had previously announced a joint venture with Mazda to build an additional plant, adding up to 4,000 new jobs. The Japanese automaker currently employs more than 37,000 Americans.

Posted on March 20, 2019 at 1:23 pm

Categories: News

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