Toyota Expansion in Indiana

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    Toyota to invest $1.4 billion in its Indiana plant, adding 340 new jobs

    (Reuters) – Toyota Motor Corp said on Thursday it would invest $1.4 billion in its Princeton facility in Indiana to prepare for assembly of a three-row battery electric SUV.

    This brings up Toyota’s total investment in Indiana to $8 billion and adds up to 340 new jobs at the Japanese automaker.

    The latest investment comes after the company had said in February it would invest $1.3 billion at its Kentucky facility for electrification efforts, including assembly of a new, three-row battery electric SUV for the U.S. market.

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