Toyota Motor to Invest $912 Million to Boost Hybrid Production in U.S.

Toyota Motor 7203 -2.89%decrease; red down pointing triangle is investing $912 million to increase production of hybrid vehicles in the U.S. to meet growing demand.

The investment would expand hybrid capacity at five manufacturing plants across West Virginia, Kentucky, Mississippi, Tennessee and Missouri, as well as bring production of the hybrid-electric Corolla to the U.S. for the first time, the Japanese carmaker said Tuesday.