Toyota ups investment in US plants to $13 billion, adds 600 manufacturing jobs

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Japanese automaker Toyota is upping its investment in the US by 30 percent to $13 billion by 2021, the company said Thursday.

div > div.group > p:first-child"> The company pledged in 2017 to invest $10 billion in its U.S. factories over five years.

The new plan includes adding 600 jobs at U.S. manufacturing plants, the company said. It said it plans to increase production capacity and renovate factories in Huntsville, Alabama; Buffalo, West Virginia; Troy, Missouri; and Jackson, Tennessee. Part of the plan includes ramping up production 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That’s one hell of an ugly vehicle. They might want to reconsider the investment.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why the US won't let China's biggest smartphone maker enter the US marketHuawei has had their CFO arrested, their hardware banned from being used by the US government, and Huawei is now suing the US government. The USA will do everything to stop Huawei from entering the market because it will prove just how ridiculously overpriced apple tech is The USA will block anything that is a threat to Apple's market dominance
Source: BusinessInsider - 🏆 729. / 51 Read more »

The 15 best business schools in the US, according to US News & World ReportThe 15 best business schools in the US, according to US News & World Report via CNBCMakeIt MakeIt You blew it? Golden Gate University in SF by far the best. MakeIt What does it bribe amount to get admissions
Source: CNBC - 🏆 12. / 72 Read more »