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International Business Times
International Business Times
Business

Toyota Pledges $10 Billion Investment in American Factories, Boosting EV Production

Toyota America United States
The Toyota logo is displayed on the exterior of City Toyota May 11, 2010 in Daly City, California.

Toyota Motor announced Wednesday that it will invest up to $10 billion over the next five years to strengthen its US manufacturing operations and boost electric vehicle (EV) production.

The move marks one of the company's largest financial commitments to American factories in its history.

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