In January 2017, Toyota pledged to invest $13 billion in its U.S. operations over five years. On June 30, the company announced it will reach that goal a year early.
The spending spree began in January 2017 with a $600 million investment to modernize the company’s assembly plant in Princeton, IN, and it was capped off, ironically, with an additional $700 million investment to expand that facility in January 2020. Along the way, the automaker pumped hundreds of millions of dollars into assembly plants in Blue Springs, MS; Buffalo, WV; Georgetown, KY; Huntsville, AL; Jackson, TN; Plano, TX; San Antonio; and Troy, MO.