Toyota investing $749 million in five U.S. plants, adding 586 jobs

Toyota Georgetown plant to produce two hybrid vehicles in new multimillion-dollar investment | Lexington Herald Leader

Toyota Georgetown plant to produce two hybrid vehicles in new multimillion-dollar investment | Lexington Herald Leader

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 investment that was being announced Thursday morning is valued at $111 million and means hiring 123 new employees, the officials said. Last year Toyota and Mazda announced plans to build a $1.6 billion joint-venture plant in Huntsville that will eventually employ about 4,000 people.

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.

"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".

"And that's going to require us to do an expansion for the 6-cylinder line", Fernandes said.

Alabama Secretary of Commerce Greg Canfield, says Alabama's automotive sector is a success story that happened quickly.

"West Virginia is a great place, and we can grow business in West Virginia and we're just really proud of what they're doing", Justice said.

Toyota said it will exceed a 2017 pledge to invest $10 billion over five years with a new commitment to reach almost $13 billion over the same period, including Thursday's announcement. It then bumped that number recently by an additional $3 billion, of which Thursday's announcement is a part. The jobs are not coming to the WSAZ region, but the company is investing $238 million in the Georgetown plant. BIG NEWS for U.S. Auto Workers! In September 2017, Toyota announced it was investing $106 million. At the time, the average total hourly compensation for jobs at the plant was $45.47 - more than $90,000 a year for 40 hours of work a week, according to state documents.

In addition to these investments, the company announced a one million dollar grant to the National Center for Families Learning to promote literacy. Instead, it reflects Toyota's plan to build multiple vehicles at its plants to better insulate each facility from downturns in market cycles.

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