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ECONOMY

Toyota to increase investment in U.S.

All national dailies reported on Toyota’s announcement yesterday that it plans to commit $390 million for the renewal of its assembly lines for pickup trucks at its plant in Texas. The spending is part of Toyota’s five-year $13-billion investment initiative for America that runs through 2020. The papers added that the Japanese auto giant was apparently eager to highlight its willingness to make robust investments in the U.S. ahead of the imminent signing of the bilateral trade pact.

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