Toyota investing $1.3 billion in red state to build all-electric SUV
TMToyota(TM) Fox Business·2024-02-07 05:55

Toyota announced Tuesday the automaker is pouring another 1.3billionintoitsflagshipGeorgetown,Kentucky,plant,whereitwillbeginproducinganewallelectricSUV.TheJapaneseautomakersaystheprojectwillbringitsinvestmentsintheplanttonearly1.3 billion into its flagship Georgetown, Kentucky, plant, where it will begin producing a new all-electric SUV. The Japanese automaker says the project will bring its investments in the plant to nearly 10 billion. Ticker Security Last ChangeChange % TM TOYOTA MOTOR CORP.218.86+15.83 +7.80% Toyota Motor Corp "Today’s announcement reflects our commitment to vehicle electrification and further reinvesting in our U.S. operations," said Kerry Creech, p ...