Toyota adding 450 jobs at Huntsville facility

15 March, 2019, 03:51 | Author: Regina Silva
  • 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

"It's part of a five-state announcement this morning that brings the 5-year investment in US plants to $13 billion", a company spokesperson said.

The Japanese automaker announced the latest expansion of its US presence Thursday, bringing to almost $13 billion the amount it will spend by 2021. In September 2017, Toyota announced it was investing $106 million.

President Donald Trump congratulated Toyota on Twitter and tried to tie the announcement to his efforts on trade.

The president also tied the expansion back to the recently updated trade agreements between the U.S., Mexico and Canada in blowing up the arrangement known as NAFTA.

The president made no mention when a Chevrolet Cruze factory in OH recently closed, the first of five North American plants that GM intends to shut down by early next year.

"Our overarching manufacturing principle is if we can sell it here we need to make it here. Long-term investments in West Virginia, by companies like Toyota, will continue to benefit out state's economy, communities, and her people", Senator Manchin said. "I'm a business guy and I've always said that if we can help our businesses grow, there's no limit to what we can do". "USMCA is part of that".

Toyota officials said the expansion boosts the plant's capacity to produce hybrid transaxles.

The new investment announced Thursday is the initial amount for projects that include adding the Toyota RAV4 Hybrid, and a Lexus ES 300h hybrid to production at its Georgetown, Kentucky plant, according to the statement. Mitch McConnell, R-Kentucky, said in prepared remarks.

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The plant was built as Toyota's first "wholly-owned vehicle manufacturing plant" in the United States.

"Unlike some of our competitors, we think there's value in the sedan market, while it may not be as big as it was", Reynolds said.

Toyota has 10 USA manufacturing facilities and past year announced a $1.6 billion joint venture with Mazda to build a plant also in Huntsville that will eventually employ 4,000 workers. The plant will add 450 jobs to accommodate new four-cylinder and V6 engine production lines.

Toyota has announced a plan to boost investment in several of its USA production facilities.

First, a $111 million investment will bring 123 jobs to the plant in Buffalo and double its transaxle production.

Toyota Motor Corp said on Thursday it will invest $749 million in five USA plants and add 586 jobs as it boosts engine production capacity and adds new hybrid models to its lineup.

Toyota says its latest investment will create 586 new jobs.

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