Toyota Announced a $13 Billion Investment in the U.S.

Enlarge ImageToyota's factories in Alabama and Kentucky are about to get a big cash injection from HQ in order to offset potential tariffs.                  Toyota

Over the next five years, Toyota said it will increase production capacity at existing manufacturing plants in Huntsville, Alabama; Buffalo, West Virginia; Troy, Missouri; and Jackson, Tennessee, creating almost 600 new jobs, said Toyota. "The $288 million investment and addition of 450 jobs demonstrates Toyota's confidence in our community's location, resources, government leadership, and skilled Alabama workforce that already produces 700,000 high-quality engines each year".

The Huntsville facility produces almost one-third of all Toyota engines built in the United States. "The new engine lines will allow us to respond quicker to customer needs and strengthen our competitive edge in the industry".

Fernandes says production will begin for the new 4-cylinder engine in 2020.

Lentz told reporters the automaker is eager to find out the findings, including for the 137,000 Americans he said design, build or sell Toyota vehicles in the United States. Past job expansions at the facility have generated about 10,000 applications, Fernandes said.

Other city and state leaders joined mayor Tommy Battle at the announcement.

"I think if we continue to have days like today the automotive sector in the state of Alabama will propel this state to being, if not the number one, perhaps the number two state in terms of automotive excellence and production", Canfield said.

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$62 million on equipment to boost production of Toyota and Lexus cylinder heads at Toyota's Bodine Aluminum facility in Troy, Mo.

Toyota most recently announced an expansion in 2017.

The motor plant, located in North Huntsville Industrial Park and separate from the under-construction Mazda Toyota Manufacturing USA facility, is making its largest hiring increase in the history of the plant that broke ground in 2001. "Toyota's decision to expand the Huntsville plant further cements Alabama's global reputation as a premier location for automobile manufacturing".

Keep in mind that Toyota and Mazda announced a year ago that they'd be teaming up on a $1.6 billion plant in Alabama and way back in 2017, it pledged to invest $10 billion by 2022.

"We are proud to add such a significant cost investment to Toyota West Virginia - not only financially but also in adding team members to the Toyota family", stated Leah Curry, president of Toyota Manufacturing West Virginia.

"Doubling our production of hybrid transaxles in West Virginia solidifies our facility's role in producing next generation engines and transmissions that will drive the future of Toyota's advanced mobility technology". Officials from the company say literacy is a fundamental part of career preparedness.

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