Toyota invests in US-based hybrid auto manufacturing

Toyota says its $912‑million investment in the US will boost production capacity for hybrids and introduce hybrid‑electric Corollas.

Increasing consumer demand for hybrid electric and gasoline powered autos sparked the automaker’s investments. Spanning five US-based manufacturing facilities, the company also expects to create an additional 252 jobs. Toyota plans to invest up to $10 billion in the US over the next five years.

Automotive

Kristen DiLandro

Kristen DiLandro is a reporter for Steel Market Update. Kristen focuses on the micro and macro steel market conditions informing North American spot prices. Following her agency career in advertising, she attained an MFA in Writing from Savannah College of Art and Design. Kristen can be reached at kristen@steelmarketupdate.com or 724-221-8143.

Kristen DiLandro

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