Toyota Invests $912 Million to Expand U.S. Hybrid Vehicle Production
Toyota Motor Corporation has announced it will invest $912 million in manufacturing facilities across five southern U.S. states. This investment is part of a broader commitment by Toyota to spend up to $10 billion in the U.S. by 2030.
The investment aims to boost the production of hybrid vehicles in response to growing customer demand. As part of the plan, 252 new jobs will be created at Toyota's plants in West Virginia, Kentucky, Missouri, Tennessee, and Mississippi.
One of the highlights of the expansion is the introduction of hybrid-electric Corollas to the production lineup in Mississippi. The move is expected to increase the availability of hybrid vehicles for U.S. consumers.
Toyota is investing to increase its capacity to build hybrid vehicles, which are in higher demand in the U.S.
The investment will add 252 new manufacturing jobs across five states.
The investment will help bring hybrid-electric Corollas to Toyota's Mississippi plant.
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