Toyota Motor stated on Tuesday it will invest $373.8 million in five manufacturing plants in the United States to produce its first American-made hybrid powertrain, as it seeks to build more vehicles in the market which it sells. The automaker stated the investment would also be used to present Toyota New Global Architecture (TNGA) strategy
Toyota Motor CEO Akio Toyoda stated his company had increased its U.S. production in the last 3 decades, and that the Japanese brand must be also be considered as a U.S. producer. Toyoda’s remark comes as international automakers deal with pressure from U.S. President Donald Trump, who has demanded that more cars sold in the
Toyota Motor on Tuesday stated it would add 400 jobs to develop more SUVs at one of its U.S. plants, highlighting its growth plans just as U.S. President Donald Trump gets in touch with automakers to construct more cars in the country. The Japanese automaker stated the jobs became part of a $600 million upgrade
Toyota Motor stated that it will employ 1,000 extra staff for its new U.S. base under construction, located in a Dallas suburb. Toyota’s new 100-acre head office campus located in Plano, Texas is going to open in mid-2017, and will contain about 4,000 workers, consisting of the brand-new hires, Toyota stated. “We will be working
Toyota Motor‘s U.S. sales increased 4% in April, as compared to the last year. Edmunds.com had forecasted sales increase of 5%, and Kelley Blue Book had forecasted rise of 4%. Typical incentives per Toyota automobile increased 14% to $2,017. That still tracks the market average of $3,021. In April, Toyota sold 186,243 cars, up 5%.