March 23 (Reuters) - Toyota ( TM ) said on Monday
that it will invest $1 billion across its Kentucky and Indiana
operations to offer a diverse vehicle line up and meet growing
customer demand.
This follows the carmaker's commitment in November 2025, to
invest up to $10 billion in its U.S. plants over the next five
years.
* Out of the $1 billion, Toyota ( TM ) will invest $800 million in
its Kentucky operations to prepare the plant for its second
battery electric vehicle and increase capacity for the assembly
of the Camry and RAV4 models.
* It will also invest $200 million in its Indiana operations
to increase capacity for its SUV, the Grand Highlander.