Toyota to invest US1bn to expand capacity in the US

Toyota Motor North America Inc, the US-based subsidiary of Japanese automaker Toyota Motor Corporation, announced that it plans to invest US 1 billion in its Kentucky and Indiana plants, to introduce new products that better meet the diverse needs of the company’s US customers. Toyota confirmed that the investment is part of the up to US$ 10 billion five-year investment plan announced last November, as part of the company’s strategy of “investing and producing locally, contributing to the local community, ...