Toyota to spend $750 mil. on US

Toyota Motor has announced it will newly invest 750 million dollars to boost its production capacity in the United States.

The Japanese automaker says it will increase the capacity of its Kentucky plant to, for the first time, produce hybrid versions of its high-end Lexus ES models and the RAV4 sport utility vehicle.

The firm also plans to ramp up output at other plants producing engines, transaxles and other parts.

Toyota says the latest investment means it will be spending nearly 13 billion dollars on its US operations by 2021.

In 2017, the carmaker announced a 10-billion dollar investment plan.

US President Donald Trump this month urged Japanese businesses to increase their production in the US. He said the US has “too big a deficit with Japan.”

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