Japanese automaker giant, Toyota, is increasing its investment in the U.S. by nearly 30% to $13 billion by 2021. This expansion is in-line with the company’s 2017 pledge of investing $10 billion in U.S. factories over the course of five years.
This new plan will have some employment benefits also. Foremost, it is expected to add ~600 jobs at U.S. manufacturing facilities. It will also increase its production capacity through factory renovation in locations like Huntsville, Alabama; Buffalo, West Virginia; Troy, Missouri; and Jackson, Tennessee.
To implement the plan, the company will need to ramp up production of fuel-efficient vehicles. Toyota said it will produce hybrid versions of the RAV4 crossover and Lexus ES luxury sedan in Kentucky for the first time.