Toyota Announces $1 Billion Investment in US Plants

Date:

Workers assembling fourth generation Toyota Prius cars on the production line at the company’s Tsutsumi assembly plant in Toyota City, Aichi prefecture, on Dec. 8, 2017. Toshifumi Kitamura/AFP via Getty ImagesToyota announced a $1 billion investment across its Kentucky and Indiana operations in a March 23 statement.The Japanese automaker announced the investment as it celebrated its 40th anniversary of the Kentucky plant, which is also Toyota’s largest manufacturing plant in the world, assembling about 550,000 vehicles and 600,000 engines a year, and employing close to 10,000 full-timers.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Labor Rules out Raising Compulsory Super Contribution From 12 to 15 Percent

Labor member for Fraser Daniel Mulino makes his maiden...

Big Tech Firms Admit Under-16s Still Accessing Social Media Despite Ban

Four of the major social media platforms have conceded...

Trump Announces Pause on 50 Percent Tariff as US, Canada Reach Last Minute Deal

WASHINGTON—President Donald Trump announced on Aug. 18 that he...

SEC Proposes New Rules to Let Crypto Companies Raise Capital More Easily

The seal of the U.S. Securities and Exchange Commission...