Toyota ( TM) will build its bestselling Camry sedan at a plant in Indiana.

The company and its Fuji Heavy Industries affiliate will spend $230 million to build a Camry production line capable of producing about 100,000 vehicles annually. Camry production at the Subaru of Indiana plant in Lafayette, Ind., will begin next spring.

With this additional capacity and other expansions underway, Toyota will have North American annual production capacity of about 2 million cars and trucks by 2008.

Camrys are now produced at a Toyota plant in Georgetown, Ky. Production there will continue.

Subaru of Indiana built about 120,000 Subaru B9 Tribeca, Outback, Legacy and Baja models in 2005.

More from Stocks

Did Trump Just Torpedo the Stock Market Again?

Did Trump Just Torpedo the Stock Market Again?

10 Questions for PayPal Ahead of Its Big Investor Day

10 Questions for PayPal Ahead of Its Big Investor Day

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

Trump, China Trade, Target and Las Vegas Casinos - 5 Things You Must Know

9 Stocks Goldman Sachs Thinks Will Blow Wall Street's Performance Away in 2019

9 Stocks Goldman Sachs Thinks Will Blow Wall Street's Performance Away in 2019

Quick Read: 3 Things for Investors to Know Before Wednesday's Trading Session

Quick Read: 3 Things for Investors to Know Before Wednesday's Trading Session