Toyota investing $749 million in five US plants, adding 586 jobs

15 March, 2019, 03:52 | Author: Eric Barnett
  • Toyota Georgetown plant to produce two hybrid vehicles in new multimillion-dollar investment | Lexington Herald Leader

Gov. Jim Justice and Senator Joe Manchin, speaking separately on MetroNews' "Talkline", confirmed a major investment at West Virginia's Toyota plant.

In 2017, Toyota announced it was putting $1.33 billion in the Georgetown plant to upgrade to Toyota's New Global Architecture, which uses the same underlying platform across groups of vehicles while the upper vehicle bodies differ by models. This is Toyota we're talking about, so of course it's more hybrids.

"Since my time as governor, I've had the great pleasure of working with Toyota officials to build on their initial investment in our state, which now totals more than $1.4 billion and is directly responsible for 1,600 good-paying jobs".

Toyota announced Thursday that it will add 450 new jobs in Huntsville and exceed its 2017 pledge to invest $10 billion over five years with a new commitment to reach almost $13 billion over the same period. The jobs are not coming to the WSAZ region, but the company is investing $238 million in the Georgetown plant.

Thursday's announcement comes just days after Toyota announced a partnership with developers to create a 700 acre solar panel farm in Pike County.

"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".

Toyota will be one of and more than 200 employers at a job fair planned from 11 3 p.m. on March 22 at the Charleston Coliseum and Convention Center.

Leaders with the company said they will mainly invest in their equipment and infrastructure to start building hybrid engine blocks. "Overall, the plant represents an investment of more than $7 billion".

Toyota now manufactures the Camry, Avalon, Lexus ES 350, Camry hybrid and Avalon hybrid at the Georgetown facility.

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

"Today's announcement further cements the strong community partnership Toyota has in our state". "By boosting our USA manufacturing footprint, we can better serve our customers and dealers and position our manufacturing plants for future success with more domestic capacity".



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