Toyota plans to invest $1 billion to increase production capacity at its U.S. plants.

Toyota Motor Corporation announced plans to invest $1 billion in its U.S. plants to increase production capacity for all-electric and hybrid vehicles. This investment is part of a larger U.S. investment plan announced last November, which includes up to $10 billion in additional investments in the country. Toyota will invest $800 million in its Kentucky assembly plant to expand production capacity for all-electric and hybrid vehicles. Additionally, Toyota will invest $200 million in its Indiana plant to increase production capacity for the Grand Highlander hybrid SUV.