Toyota to invest $1.33 bn for setting up automotive plant in Kentucky

Japanese automotive company Toyota will invest $1.33 billion for setting up a manufacturing plant at Kentucky (USA). With this investment, the highest by any automaker in Kentucky, the company will produce Camry (2018 model) using Toyota New Global Architecture (TNGA). Thus, Camry, the number one selling car in America for the past 15 years, will become the first Toyota vehicle made in the US to fully incorporate the new vehicle development and production technology.

This $ 1.33 billion investment is part of Toyota’s plan to invest $ 10 billion in the US over the next five years, on top of the