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Toyota to invest $1 billion to increase U.S. production in Kentucky, Indiana plants - CNBC
Overview
Toyota announced a $1 billion investment in two U.S. plants as part of a plan to invest up to $10 billion domestically over five years to expand production capacity, support regional jobs and strengthen supply chains. Those large, tangible production bets mirror the kind of strategic moves Farley said are necessary to navigate industry pressure, highlighting that getting investment choices right is critical. Over time, increased new-vehicle output and refreshed product lineups could ease inventory constraints and reduce upward pressure on used-vehicle prices.
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