Toyota Motor Corporation (NYSE:TM) is among the 11 best places to invest money without risk. Toyota Motor North America, a segment of the Toyota Motor Corporation (NYSE:TM), has initiated as much as $50 million in new construction at its Arizona Proving Grounds, as per the company’s statement on Wednesday.
The initiative comprises a 5.5-mile oval track, an off-road park, and new ride and handling surfaces, scheduled to be completed later this year. Not only this, the company has also unveiled plans to develop a facility for advanced driver assistance technology. This expansion comes as Toyota Motor Corporation (NYSE:TM) sustains its 46-year-long streak of dividend payments.
Image by Admiral_Lebioda from Pixabay
What’s even more exciting is that the investment involves seven different projects, particularly a noise pass-by testing area, the oval track, a 1.5-mile ride and handling course, and a 1.3-mile loop road. By 2026, Toyota Motor Corporation (NYSE:TM) will wrap up additional projects like a 1.7-mile north straight, an off-road park, and a 17-acre VDA resurface. With this vision in mind, there is no doubt TM is among the safest bets.
Toyota Motor Corporation (NYSE:TM) is a Japanese company that designs, manufactures, and retails passenger and commercial vehicles. Incorporated in 1933, the company maintains a strong presence across North America, Europe, Asia, Oceania, Africa, and the Middle East, among others.
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