by Chris Woodyard
Toyota just announced that it's going to build hybrids in the U.S., starting with the Highlander crossover.
It's going to invest $400 million in its Princeton, Ind., plant, creating 400 new jobs to build the hybrid, says Yoshimi Inaba, president of Toyota Motor North America in a speech here to Economic Club of Chicago as part of the Chicago Auto Show.
Toyota's is only the latest in a series of announcement of thousands of new jobs in the auto industry in the U.S. -- both from Detroit's Big 3 and foreign makers -- as it continues a comeback.
Before the recession, Toyota had planned to build Prius hybrids at its new plant in Blue Springs, Miss. But those plans got waylaid by the recession, although the plant opened building conventional small cars. The plant now employs 2,000.
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