Toyota Lays Out $912 Million Plan to Boost US Hybrid Production

• Toyota Motor Corp. has unveiled plans to invest $912 million to boost hybrid component and vehicle production in the U.S., as part of a broader $10 billion investment over the next five years. This initiative will enhance production capabilities across five states, indicating a strong commitment to hybrid technology.
• This investment is significant for Toyota as it underscores the company's dedication to expanding its hybrid offerings in the U.S. market, aligning with the growing demand for environmentally friendly vehicles and reinforcing its competitive position in the automotive industry.

— via World Pulse Now AI Editorial System