Toyota Motor announced a $912 million investment in U.S. manufacturing plants to increase production of hybrid vehicles, with the largest investment of $453 million in West Virginia. This will create 252 new jobs and support Toyota’s status as the second-largest seller of new vehicles in the U.S. Toyota plans to invest up to $10 billion domestically by 2030. The news comes after confirming plans to invest more than expected, and Chairman Akio Toyoda wore a “Make America Great Again” hat at a racing event in Japan. Toyoda emphasized finding ways to make tariffs a win-win for everyone amid regulatory changes and tariffs impacting the automotive industry.
Read more at CNBC: Toyota to invest $912 million in U.S. plants to up hybrid production
