Building ‘Where We Sell': Toyota Commits $912 Million To U.S. Expansion Plan [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
Toyota Motor Corporation is expanding its American footprint with a $912 million investment to boost production across five of its American plants, creating over 250 jobs. The auto giant announced nearly one trillion dollars' worth of investments, saying the move to expand in America reflects its longtime philosophy of building “where we sell,” as demand for its cars continues to rise across the U.S. “Customers are embracing Toyota's hybrid vehicles, and our U.S. manufacturing teams are gearing up to meet that growing demand,” Kevin Voelkel, Senior V.P. of Manufacturing Operations, said in a recent press release . “Toyota's philosophy is to build where we sell, and by adding more American jobs and investing across our U.S. footprint, we continue to stay true to that philosophy.” The funding will help expand facilities in West Virginia, Kentucky, Mississippi, Tennessee, and Missouri – injecting new money into communities where auto manufacturing remains a backbone of their local
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