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Major Foreign Car Maker to Invest in Five U.S. Plants

One of President Trump’s goals during his campaign was to bring back jobs to working-class Americans. It seems one company is going to do just that.

According to an article by The Hill, “Toyota is investing $374 million in five manufacturing plants in the U.S. to help build its new Highlander hybrid SUV.”

This will in effect allow the Japanese company to support its ongoing efforts in creating the “first American-made hybrid power train.”

“The money will be funneled toward plants in Kentucky, West Virginia, Missouri, Tennessee and Alabama. Each of the projects is scheduled to begin this year, and should be operational in 2020.”

The announcement, which was made Tuesday, is just one of the latest moves to localize production in the U.S.

“Hybrid is a core Toyota technology, and localization reflects the company’s confidence in the capability and global competitiveness of our North American manufacturing,” said Jeff Moore, Toyota’s senior vice president of manufacturing.

Toyota is one of several foreign automakers that have pledged to add jobs by expanding production in the U.S.

According CNBC, “Those moves come as the Trump administration considers altering or scrapping the North American Free Trade Agreement.”