3 Auto Stocks Going Places: Toyota Pumps Cash Into Facilities, Tesla’s New Battery Swap, and GM Executive Steps Down
Toyota Motor Co. (NYSE:TM): The world’s largest automaker will be pumping about $200 million into three new facilities in the United States, to help increase North American capacity. Included in the spending is $150 million at a Huntsville, Ala., engine plant, according to an emailed statement. Toyota is also investing at factories in Troy, Mississippi, and Jackson, Tennessee, which supply the Alabama facility. Toyota has spent about $2 billion in North American manufacturing investments the past two years.