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Automobile

Toyota to invest $749 million to expand in 5 states

Thursday 14/March/2019 - 09:26 PM
Sada El Balad
Automotive News
Toyota Motor North America on Thursday said it plans to invest $749 million and add about 600 jobs at plants in five states as part of a U.S. manufacturing expansion that now is expected to total $13 billion by 2022.

The automaker plans to increase engine capacity in Alabama، add production of the RAV4 hybrid and Lexus ES 300h hybrid in Kentucky، and double hybrid transaxle capacity in West Virginia. It also plans to raise output of castings at plants operated by its Bodine Aluminum subsidiary in Tennessee and Missouri.

“In a time when others are scaling back، we believe in the strength of America and we’re excited about the future of mobility in America،” Jim Lentz، CEO of Toyota Motor North America، said on a call with reporters.

In an earlier statement، he said: "By boosting our U.S. manufacturing footprint، we can better serve our customers and dealers and position our manufacturing plants for future success with more domestic capacity."

Toyota said it would spend $288 million to expand and add 450 jobs at the engine plant in Huntsville، Ala.، $111 million to expand and add 123 jobs in Buffalo، W.V.، and $50 million to expand and add 13 jobs at the Bodine plant in Jackson، Tenn. Investments of $238 million in Georgetown، Ky.، and $62 million in Troy، Mo.، do not include plans to add jobs.

The Georgetown plant will have capacity to build 12،000 ES 300h hybrids annually starting in May and 100،000 RAV4 hybrids annually starting in January 2020.

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