U.S., March 18 -- Toyota has been growing its manufacturing presence in the US, where the company has announced its plans to exceed its 2017 pledge to invest $10bn over five years, with a new commitment to reach nearly $13bn over the same period.
The company has announced an investment of nearly $750mn in five different states. The new investments include adding the Toyota RAV4 Hybrid (the best-selling SUV in the US), and Lexus ES 300 Hybrid vehicle production at its Georgetown, Kentucky manufacturing plant. The company will also expand its engine capacity at its Huntsville, Alabama facility; double its hybrid transaxle capacity at its plant in Buffalo, West Virginia; as well as undertake a building expansion for additional castings at its...