KOBE, Japan -- Toyo Tire will invest 30 billion yen ($200 million) in its flagship U.S. factory by 2030, Nikkei has learned, as the Japanese company aims to boost tire production capacity for SUVs and other large vehicles.
Automobiles
Toyo Tire to invest $200m in US plant to offset tariff risks
Output in the state of Georgia to rise as the company targets SUVs
The growing popularity of hybrid vehicles among American drivers is another reason Toyo Tire is looking to increase its investment in the U.S.
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