Toyota makes a major bet on US manufacturing [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
According to World's Top Exports count , nearly 20% of the money U.S. consumers spent on auto imports went to Japanese car companies. The only country with a higher percentage was Mexico. Top auto importers to U.S. in 2024 Mexico Japan South Korea Canada Germany Toyota sold 185,748 Toyota and Lexus vehicles in the U.S. in September, a 14.2% year-over-year increase in volume . For the third quarter, Toyota North America reported sales of 629,137 vehicles, a 16% increase. Even more promising, the company's electric vehicle division reported a 10.5% increase in volume. Electrified vehicles represented 45% of Toyota's sales volume in the third quarter. However, auto tariffs have eaten into its profitability in the West. Toyota plans to spend $10 billion on U.S. manufacturing over the next five years. Photo by baranozdemir on Getty Images Toyota to invest another $1 billion in U.S. manufacturing Toyota was able to renegotiate its tariff burden in July , but the 15%
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