Hyperdrive
Toyota to Invest $383 Million to Boost Hybrid Production in U.S.
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Toyota Motor Corp. is investing $383 million in four factories across the U.S. to boost production of hybrid vehicles amid rising demand for fuel-efficient cars.
Toyota’s engine plant in Huntsville, Alabama, will get the biggest pot of money -- $222 million to build a new production line that can make both combustion and hybrid-electric powertrains, the company said Tuesday in a statement. The remaining funds will be split among factories in Kentucky, Missouri and Tennessee.