Toyota To Invest $383 Million in U.S. Production

By Michael Dabaie

Toyota Motor Corp. plans to invest $383 million in four of its U.S. manufacturing plants, which the company said advances its commitment to vehicle electrification.

The new investment supports the production of four-cylinder engines, including options for hybrid electric vehicles, at its Alabama, Kentucky, Missouri and Tennessee plants.

"Toyota customers want vehicles that are fuel-efficient and electrified, " said Norm Bafunno, senior vice president of Unit Manufacturing and Engineering at Toyota. "These investments allow us to meet customer needs and quickly respond to an evolving market."

Last year, Toyota said it plans new investments totaling $5.1 billion into its U.S. manufacturing operations to support electrification efforts.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

April 19, 2022 10:28 ET (14:28 GMT)

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