Toyota to invest $8 bln in North Carolina EV battery plant

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

Toyota Motor (7203.T) said on Tuesday it would invest $8 billion more and add about 3,000 jobs at its electric-vehicle battery manufacturing plant in North Carolina.

A Toyota logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photosaid on Tuesday it would invest $8 billion more and add about 3,000 jobs at its electric-vehicle battery manufacturing plant in North Carolina.

The Japanese automaker, which plans to have electrified options for its models available by 2025, said the latest move will bring its total investment to about $13.9 billion and jobs to more than 5,000.Consumer goods company Unilever said on Monday its board had decided to freeze CEO Hein Schumacher's fixed pay for the next two years, after his initial pay package was rejected by shareholders in May.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CAR

Car Car Latest News, Car Car Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toyota's Electric GR Sports Car Concept Targets Porsche 718, Packs a Dual-Motor SetupThe final product previewed by the FT-Se concept has the electric Porsche Cayman and an undisclosed target Nürburgring time in its sights.
Source: RoadandTrack - 🏆 577. / 51 Read more »