Business · 24 March 2026
Toyota commits $1 billion to boost US production
Photo by Serzill Hasan on Unsplash
Toyota has announced a $1 billion investment to expand output at two manufacturing plants in the United States. The funding will support increased production capacity and preparations for electric vehicle manufacturing, particularly at facilities in Kentucky and Indiana. The move forms part of a broader long-term strategy to strengthen local production and meet shifting demand for hybrid and battery-powered vehicles in the US market.
Reported by The Japan Times · How we write briefs