U.S. manufacturing continued to roll in 2017. Want proof? Look no further than Toyota Motor Corp. In September, the world’s largest automaker announced that it will invest $374 million at five U.S. factories. Specifically, Toyota will spend:
But wait—there’s more! In August, Toyota and rival Mazda Motor Corp. announced plans to build a $1.6 billion U.S assembly plant as part of a new joint venture. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers. The facility is expected to employ some 4,000 people when it opens in 2021.