Published: Fri, March 15, 2019
Finance | By Loren Pratt

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

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

"But these decisions we're making today are really driven by consumers and our product portfolio going forward, for the most part".

But, business being business and politics being what they are right now, it also seems likely that Toyota's expansion of its USA production is a show of allegiance to the powers that be in hopes of staving off increased tariffs on the goods that it imports from Japan.

"Toyota's continued investment at their Buffalo, West Virginia manufacturing facility is a testament to the facility's hard-working employees and the success that comes with doing business in the Mountain State", he said in a news release.

Justice described Toyota as a valued corporate citizen. "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".

Senator Shelley Moore Capito, R-W.Va., also praised the expansion announcement.

"Toyota has been a wonderful partner for West Virginia. It's a company committed to improving our economy and investing in our workforce", Capito stated. "I'm excited to see how this new venture will continue to benefit our local communities and know West Virginia workers will be eager to fill the 123 new jobs coming to TMMWV".

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. The jobs are not coming to the WSAZ region, but the company is investing $238 million in the Georgetown plant. That will add 13 jobs and produce engine blocks while doubling the capacity of hybrid transaxle cases and housings. It enables the vehicle to generate electricity through regenerative braking.

Toyota said it plans to add 600 new jobs at its US manufacturing facilities over the same period as it builds more vehicles and auto parts, including the Toyota RAV4 Hybrid and the Lexus ES 300h Hybrid.

Previously, Toyota also announced a $600 million investment at its Princeton, Indiana, plant to increase the capacity of its Highlander SUV and to incorporate the new production strategy, and $170 million to launch the 2020 Corolla on a new production line in Blue Springs, Mississippi.

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