Toyota Invests an Additional $373.8 Million to Boost U.S. Manufacturing Facilities

Late last month, Toyota announced that the company is investing in five U.S. plants order to support the production of its first American-made hybrid powertrain -- as well as engines that complement Toyota New Global Architecture (TNGA).

This is how the investment will be distributed:

  • Toyota Motor Manufacturing, Buffalo, WV: $115,300,000 to aid in producing hybrid vehicle transmissions
  • Toyota Motor Manufacturing, Georgetown, KY: $120,960,000 to increase the plant's capacity to produce 2.5-liter engines
  • Bodine Aluminum, Troy, MO: $17,050,000 that will expand the plant's production of 2.5-liter engine cylinder heads
  • Bodine Aluminum, Jackson, TN: $14,500,000 to modify the plant and facilitate the production of 2.5-liter engine blocks and hybrid transmission elements
  • Toyota Motor Manufacturing, Huntsville, AL: $106,000,000 to overhaul the plant and enable it to build engines that support TNGA

The 2.5-liter engines and hybrid transmissions will be used in hybrid vehicles built in North America, including the Princeton, Indiana-built Highlander Hybrid SUV.

This investment, along with other projects that Toyotahas already publicized, marks a total U.S. investment of $4.1 billion -- almost halfway to the $10 billion commitment pronounced by Toyota Motor Corporation CEO Akio Toyoda in January 2017.

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