Toyota invests $1.3 billion in its largest U.S. plant to support new Camry production

Earlier, US President Trump criticized automakers for their investments in Mexico and pointed out that if Toyota's Corolla models produced in Mexico were sold to the United States, they would be subject to heavy taxes. Reuters pointed out that the uncertainty of US President Trump's trade policy is likely to affect the capital expenditure plans of Japanese automakers in the United States. It is in this context that Toyota Motor announced its investment in the Kentucky plant.

Toyota's statement quoted Trump's remarks, "Toyota's decision to invest $1.3 billion in the Kentucky plant reflects the manufacturer's belief that the economic environment has greatly improved under my management." Toyota pointed out that this investment will provide it with a more flexible production environment, produce better quality vehicles, and provide users with more timely responses. Currently, Toyota's Kentucky plant has about 8,200 employees. Due to the upcoming launch of the new Camry, the plant has recently added about 700 employees.

Since Trump was elected as the President of the United States, many automakers have announced that they will invest in the United States. In addition to Toyota, the protagonist of this article, Fiat Chrysler Automobiles (FCA), Honda Motor, and Daimler have also announced investments in the United States. Ford Motor and General Motors have also announced increases in domestic costs.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.