Overview
- Toyota said the additional spending will raise its cumulative U.S. investment to about $60 billion.
- The announcement coincided with the opening of Toyota’s vehicle-battery facility in North Carolina.
- Specific project allocations were not detailed, and reporters indicate the money is likely to flow to U.S. plants and model localization.
- North America CEO Tetsuo Ogawa framed the move as a milestone aligned with Toyota’s build-where-you-sell approach.
- The commitment follows President Donald Trump’s October remark that Toyota’s U.S. factory plans would exceed $10 billion.