Toyota plans to invest $1 billion across its Kentucky and Indiana manufacturing operations as part of its five-year effort to invest up to $10 billion in U.S. manufacturing, according to the company.
The Toyota Kentucky plant, which recently celebrated its 40-year anniversary, will receive an $800 million investment to prepare the facility for its second battery electric vehicle and increase capacity for the Camry and RAV4.
In addition, Toyota Indiana will increase capacity for the Grand Highlander SUV with a $200 million investment.
“Toyota’s investment in the U.S. is for the long-term, tied to our philosophy of building where we sell and buying where we build,” says Mark Templin, executive vice president and chief operating officer, Toyota Motor North America. “Our teams have contributed to world-class design, engineering and assembly of more than thirty-five million cars and trucks for our customers in the U.S.”
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