This is huge!

Japanese automaker Toyota just announced an extra $1 billion investment into their manufacturing plants in the United States.

This comes just days after Japanese Prime Minister Sanae Takaichi’s historic visit to the White House.

Check it out:

BREAKING: Japanese automaker Toyota just announced an ADDITIONAL $1 BILLION investment into US manufacturing plants days after PM Sanae Takaichi visited President Trump at the White House

The “experts” lose again! 🇺🇸🇯🇵

– $800M goes to a Kentucky factory to boost RAV4 and Camry production, and a new EV
– $200M goes to Indiana facility to surge production for the Grand Highlander SUV

Prime Minster Takaichi was very happy during her White House visit.

She gave President Trump a huge hug during their meeting.

Watch here:

Toyota had already promised to invest $10 billion investment into U.S. manufacturing plants.

But today, they increased that stunning investment amount by another $1 billion!

Part of the additional investment will go towards a plant in Kentucky, and part will go to an Indiana manufacturing factory.

CNBC has more details:

The new investments include $800 million at a plant in Georgetown, Kentucky, to increase production capacity of the automaker’s Camry sedan and RAV4 crossover. The remaining $200 million is to increase capacity for the Toyota Grand Highlander SUV at a plant in Princeton, Indiana.

“Toyota’s investment in the U.S. is for the long-term, tied to our philosophy of building where we sell and buying where we build,” Toyota Motor North America Chief Operating Officer Mark Templin said in a statement.

Toyota in November confirmed plans to invest up to $10 billion in its U.S. plants through 2030. That came roughly a month after President Donald Trump said during a speech that such an investment would come from the Japanese automaker.

 

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