Toyota Motor Corp. announced on Thursday that it is investing an additional $ 750 million in five US plants that will create nearly 600 new jobs, including the production of two hybrid vehicles for the first time at its Kentucky plant.
This is a new expansion of the Japanese manufacturer in the United States, whose investment for 2021 will now add almost 13,000 million.
The new investment will be in the factories of Alabama, Kentucky, Missouri, Tennessee
Jim Lentz, CEO of Toyota Motor North America, said the latest investment “represents another example of our long-term commitment to
The Toyota plant in Georgetown, Kentucky, will receive an injection of 238 million to produce hybrid versions of the Lexus ES 300 four-door in May and SUV RAV4 as of January 2020, the company announced.
It also includes 288 million to increase its annual capacity to manufacture engines at the plant in Huntsville, Alabama. This factory will create 450 new positions to manufacture four and
Toyota is also investing 62 million in machinery to increase its production of Toyota and Lexus pistons at its Bodine Aluminum factory in Troy, Missouri, as part of its New Global Architecture production strategy to save money.
Toyota invests 750 million in 5 US plants
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