Toyota to invest US$912m in five existing US plants

Toyota Motor North America announced it plans to invest US$ 912 million in five US manufacturing plants involved in the production of hybrid vehicles and related components, with the automaker looking to expand production capacity to meet growing demand in the region. The investment is part of the “up to US$ 10 billion”, five-year investment plan confirmed by the company earlier this month in support of Japan’s recent trade negotiations with the US. Toyota said that these “additional” investments will bri ...