Toyota announced this week that it is expanding its planned investments in America. Through 2020, Toyota will invest $13billion in the United States. The five states that are included on this expanded list will see over 600 jobs added. This investment is not to be confused with the separate new plant that Toyota and Mazda are working together on. That Toyota/Mazda plant alone will add 4,000 new jobs to Alabama's economy. The new plant will build a new crossover for Mazda and other existing Toyota models.
“These latest investments represent even more examples of our long-term commitment to build where we sell,” said Jim Lentz, chief executive officer for Toyota Motor North America. “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 provided the media this listing of the locations and the investments to be made:
Toyota Motor Manufacturing Alabama (TMMAL) - $288,000,000
Toyota’s investment in Alabama will increase annual engine capacity from 670,000 to 900,000. New 4-cylinder and V6 engine lines will add 450 new jobs to Huntsville, Alabama's local economy. Overall, the plant represents an investment of $1.2 billion.
Toyota Motor Manufacturing Kentucky (TMMK) - $238,000,000
Toyota’s vehicle plan here, the company’s largest on Earth, will build the Lexus ES 300h hybrid in May 2019 with an annual capacity of 12,000 units. In addition, RAV4 Hybrid production will start in January of 2020 with an annual capacity of 100,000 units. Toyota’s 8,000 workers also build Camry, Camry Hybrid, Avalon, Avalon Hybrid and Lexus ES models with an annual capacity of 550,000 vehicles. Overall, the plant represents an investment of more than $7 billion.
Bodine Aluminum Troy, Missouri - $62,000,000
Investments in this Aluminum plant in Missouri owned by Toyota will help to produce an additional 864,000 cylinder heads for Toyota’s New Global Architecture (TNGA). Bodine’s 900 Missouri workers currently produce more than 3 million cylinder heads a year, which go into every Toyota and Lexus manufactured in North America. Overall, the plant represents an investment of $455 million.
Bodine Aluminum Jackson, Tennessee - $50,000,000
A building expansion and added equipment will double the capacity of hybrid transaxle cases and housings to 240,000 annually. The investment will also help produce an additional 288,000 engine blocks a year for TNGA. The plant’s 300 workers currently produce 1.7 million engine blocks a year, which go into the Toyota and Lexus manufactured in North America, along with 580,000 transmission cases and housings. Toyota will add 13 new jobs to its facility in Tennessee. Overall, the plant represents an investment of $365 million.
Toyota Motor Manufacturing, West Virginia (TMMWV) - $111,000,000
Includes a building expansion and equipment to double the capacity of hybrid transaxles from 120,000 units to 240,000 units annually in 2021. Toyota will add 123 new jobs to its facility in Buffalo, West Virginia. Overall, the plant represents a $1.4 billion investment.
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