NAGOYA, Japan -- Toyota Motor will invest $1.33 billion in its largest U.S. auto assembly plant, a move that finally elicited positive remarks from President Donald Trump following his previous criticism of the Japanese automaker.
The investment announced Monday involves updating engine- and vehicle-assembly equipment as well as revamping the welding shop at a plant in the state of Kentucky. The overhaul will prepare the site for the June production launch of the Camry midsize sedan designed and manufactured under the Toyota New Global Architecture initiative, which aims to raise efficiency and quality via component standardization.
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