Toyota, the Japanese automaker, said yesterday that it would invest $1.3 billion to build its eighth North American assembly plant just outside Tupelo, in northeastern Mississippi. The plant will build the Toyota Highlander, a crossover vehicle, and will employ 2,000 workers. Production is expected to begin in 2010, and reach 150,000 vehicles each year. The decision brings Toyota to an area best known for being the birthplace of Elvis Presley.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Toyota, the Japanese automaker, said yesterday that it would invest $1.3 billion to build its eighth North American assembly plant just outside Tupelo, in northeastern Mississippi. The plant will build the Toyota Highlander, a crossover vehicle, and will employ 2,000 workers. Production is expected to begin in 2010, and reach 150,000 vehicles each year. The decision brings Toyota to an area best known for being the birthplace of Elvis Presley." in the context of "Micheline Maynard, in an article for the New York Times, entitled "Toyota to Build $1.3 Billion Plant in the Land of Elvis" published a few months after US Pres. George Bush took Prime Minister Junishiro Koizumi (a huge Elvis fan who was also born on a January 8) to Graceland, in Memphis, and on Air Force One, a gesture which may have influenced the Japanese car maker to choose Tupelo as the site of the plant." to mean that wisdom is timeless.