Toyota to Invest $912 Million in U.S. Plants to Increase Hybrid Vehicle Production by Michael Wayland
Toyota Motor on Tuesday announced plans to invest $912 million in U.S. manufacturing plants in five Southern states as part of a previously announced plan for the company to invest up to $10 billion domestically by 2030. The investments announced Tuesday are broadly meant to support increasing production of hybrid vehicles, which Toyota leads with a more than 51% market share through the third quarter of this year, according to Motor Intelligence data. Most of the investments are expected to be completed by 2027. The investments are expected to create 252 new jobs. Toyota and the entire automotive industry have been trying to navigate production plans amid regulatory changes impacting all-electric vehicles and Trump’s litany of tariffs this year on new vehicles and auto parts. Toyota to invest $912 million in U.S. plants to increase hybrid vehicle production
