Toyota's $1 billion bet on Kentucky and Indiana plants

Toyota said Monday it was committing $1 billion to a pair of U.S. factories, with the bulk directed to its Georgetown, Kentucky plant — the automaker's largest vehicle manufacturing facility in the world. The announcement allocates $800 million to the Kentucky plant and $200 million to a facility in Princeton, Indiana. The Kentucky funds are earmarked to prepare the plant for a second battery electric vehicle and to expand production capacity for the Camry sedan and RAV4 crossover. The Indiana allocation ...