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On October 30, according to foreign media reports, Toyota Motor Corporation announced that it will invest $461 million in its plant in Kentucky, USA, to expand new technologies, improve production flexibility and reduce its carbon footprint.
At the same time, Toyota also said that 1400 temporary jobs at the Kentucky plant will be converted to long-term jobs to improve the employment environment.
Toyota will invest $461 million in its Kentucky plant
In addition, Toyota plans to upgrade the Kentucky plant in terms of manufacturing and technology, such as adding a production line for the production of 2.4-liter turbocharged engines to support and expand Toyota's model range in North America.
Toyota Motor President Akio Toyoda announced a $10 billion investment plan in the United States in 2017
In fact, as early as 2017, Toyota said that it would "invest $10 billion in the United States in the next five years to develop new cars and improve factory productivity." Toyota's largest plant in the United States, the Renewal of the Kentucky Plant and productivity improvement plans are part of the $10 billion investment range mentioned above.
Toyota's sales in the U.S. market from January to September this year surpassed that of General Motors
According to the latest sales data released by the Toyota Group recently, Toyota sold 7.97 million new vehicles worldwide from January to September, an increase of 19.3% year-on-year. In the U.S. market, Toyota sold a total of 1.86 million vehicles from January to September, which also exceeded the 1.78 million vehicles of the US car company General Motors.