Toyota to invest $912 mil. in U.S. factories to meet hybrid demand

Toyota Motor Corp. said Tuesday it would invest a total $912 million in five factories in the United States to meet the growing demand for hybrid vehicles.The move is part of the company's plan, announced last week, to invest up to an additional $10 billion in the United States over the next five years, with factories in Mississippi, West Virginia, Kentucky, Tennessee and Missouri subject to the investment.Toyota, the world's largest automaker by volume, said it would produce its first hybrid version of the mainstay Corolla in Mississippi and aim to strengthen its manufacturing capabilities…READ FULL ARTICLE