Toyota to invest $912 million in U.S. plants to increase hybrid vehicle production

Mihaela Păun

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

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