TM - What's Going On With Toyota Shares After Revealing $1.4B Investment At Princeton Facility For Making Electric SUVs? | Benzinga
Toyota Motor Corporation (NYSE:TM) shares are trading lower on Thursday.
In a press release, the auto giant confirmed its plans to prepare for an assembly of an all-new, three-row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility.
The latest development is a part of Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion.
“Indiana and Toyota share a nearly 30-year partnership that has cultivated job stability ...