Toyota Commits Up To $10B Additional Investments In US Over Five Years
Synopsis
The company also kick-started production at its all-new $14 billion battery plant in Liberty, North Carolina, on Wednesday.
Japanese automaker Toyota Motor (TM) announced on Wednesday that it will invest up to an additional $10 billion in the U.S. over the next five years, as it seeks to expand its operations in key markets.
The additional investment will bring Toyota’s total investment in the U.S. to nearly $60 billion since the carmaker started operations in the country.
The company on Wednesday also kick-started production at its all-new $14 billion battery plant in Liberty, North Carolina. The plant is Toyota’s eleventh in the U.S. and its only battery plant outside Japan.
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