Toyota Delays U.S. EV Production Amid Market Shift and Design Tweaks
TMToyota(TM) ZACKS·2024-10-04 22:15

Toyota (TM) has decided to push back the production of electric vehicles (EVs) in North America, delaying its plans by several months to the first half of 2026. Originally, the company intended to start assembling a three-row electric sport utility vehicle (SUV) at its Kentucky plant in 2025, with an investment of $1.3 billion in the facility. However, recent reports indicate that Toyota has informed its suppliers of the revised schedule, marking the first known delay by a Japanese automaker in the region.T ...