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Toyota announces investment in Indiana www3.nhk.or.jp
Toyota Motor says it will invest about 600 million dollars to improve its plant in the US state of Indiana and hire 400 local workers.
The investment is part of a plan that Toyota unveiled earlier this month. The Japanese automaker said it would invest 10 billion dollars in the United States over the next 5 years.
Before his inauguration, President Donald Trump criticized the firm's plan to build a new factory in Mexico. Toyota has repeatedly stressed that it is contributing to the US economy through investment and employment.
Vice President Mike Pence is a former governor of Indiana. Toyota President Akio Toyoda met Pence earlier this month.
Japanese automakers are concerned about possible pressure from the United States. Trump criticized Japan on Monday for engaging in trade practices that he says are unfair to US automakers.
Published Date:2017-01-25
