Toyota bringing Lexus output to US via $360M outlay in Ky.

Apr 22, 2013 | 09:39 AM |

Tags  Toyota Motor, Toyota North America, U.S. investment, Georgetown plant, Kentucky plant, Lexus, Lexus ES 350, Akio Toyoda James Lentz

NEW YORK — Toyota Motor Corp. will invest $360 million at its Georgetown, Ky., plant in a move that for the first time will allow it to begin assembling the Lexus—its best-selling ES 350 sedan—outside of Japan.

"The decision is in line with two key goals: first, to serve our customers, and second, to reduce the effects of the exchange rates on our customers," Toyota president Akio Toyoda said in a statement April 19.....

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