Toyota Is Spending $1 Billion to Build More RAV4s and Camrys in America
Toyota is investing over $1 billion to upgrade its factories in Kentucky and Indiana, increasing production of Camrys, RAV4s, and the Grand Highlander SUV. The investment will also support the launch of a new electric vehicle in the US, as part of Toyota's plan to invest up to $10 billion in its US factories over the next five years.
Toyota is spending over $1 billion to upgrade its factories in Kentucky and Indiana. The Kentucky site will receive $800 million to build a new electric vehicle and increase production of Camrys and RAV4s. The Indiana site will get $200 million to increase production of the Grand Highlander SUV. This investment is part of Toyota's plan to invest up to $10 billion in its US factories over the next five years. Toyota will also allocate $4 million for grants to Kentucky schools and $400,000 to support manufacturing engineering studies at Eastern Kentucky University.
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