A statement on March 24, 2026, said that Toyota looks to put in $1 billion into two of its existing U.S. auto plants.
Toyota Motor North America says that about $800 million will be spent on the company’s Georgetown, Kentucky plant to make more Camrys and RAV4s and to get the plant ready to make battery electric vehicles.
The company will also put about $200 million into Toyota Motor Manufacturing Indiana to make more of the Grand Highlander, a big SUV.
According to the statement, the money will be used to better meet the needs of different customers in the United States.
Since U.S. President Donald Trump put high tariffs on auto imports, Toyota has done well in the U.S. market. Unit production in the United States rose by 9.7% in 2025 to 1.4 million vehicles, while overall unit sales of Toyota vehicles in the country increased 8% in 2025 to 2.5 million vehicles.
In November 2025, the company said it would put up to $10 billion into the U.S. over the next five years. This would bring its total investment in the U.S. to about $60 billion since it started doing business there 69 years ago.
The $10 billion includes $912 million that has already been set aside to increase the production capacity of hybrid cars at five plants – Toyota Motor Manufacturing Mississippi in Blue Springs, Mississippi, Toyota Motor Manufacturing West Virginia in Buffalo, West Virginia, Toyota Motor Manufacturing Tennessee in Jackson, Tennessee, Toyota Motor Manufacturing Missouri in Troy, Missouri, and the Georgetown plant.
The news of Toyota looks to put in $1 billion has led to stock going up 0.62% on March 26, 2026. The stock has gone up 14.25% in 2025, while the Nikkei 225 stock average has gone up 38.94%.