Toyota Invests Additional Capital and Expands American Jobs In United States - Arigatou gozaimasu Akio Toyoda San
 Arigatou gozaimasu Akio Toyoda San |
Toyota Solidifies Its Substantial and Growing Investment in U.S.
Company Throttles Up Investments from Original $10 Billion Commitment to nearly $13 Billion Over Five Years with Focus on Advancing Electrification, Creating Hundreds More American Jobs
- By 2021, Toyota will now invest nearly $13 Billion in its U.S. operations with plans to add nearly 600 new jobs at American manufacturing plants
- Hybrid versions of the popular RAV4 and Lexus ES to be produced in Kentucky for the first time
- Production capacity increases and building expansions at Toyota’s unit plants in Huntsville, Alabama, Buffalo, West Virginia, Troy, Missouri and Jackson, Tennessee
March 14, 2019
WASHINGTON (March 14, 2019) – For over 60 years Toyota has been growing its manufacturing presence in the United States, and today the company announced it will exceed its 2017 pledge to invest $10 billion over five years with a new commitment to reach nearly $13 billion over the same period.
Part of that commitment is seen today with an investment announcement of nearly $750 million in five different states, with more to come. The new investments include adding the Toyota RAV4 Hybrid, the best-selling SUV in the U.S., and Lexus ES 300h hybrid vehicle production at its Georgetown, Kentucky, manufacturing plant; expanding engine capacity at its Huntsville, Alabama, facility; doubling hybrid transaxle capacity at its plant in Buffalo, West Virginia; and a building expansion for additional castings at Bodine Aluminum’s Jackson, Tennessee, facility as well as additional castings at its Troy, Missouri, facility.
“These latest investments represent even more examples of our long-term commitment to build where we sell,” said Jim Lentz, chief executive officer for Toyota Motor North America. “By boosting our U.S. manufacturing footprint, we can better serve our customers and dealers and position our manufacturing plants for future success with more domestic capacity.”
A state-by-state look at the new investments totaling $749 million and 586 new jobs:
Alabama
Toyota Motor Manufacturing Alabama (TMMAL) - $288,000,000
In Alabama, Toyota’s investment will increase annual engine capacity from 670,000 to 900,000 by the end of 2021 to increase product flexibility and better accommodate market demand. New 4-cylinder and V6 engine lines will add 450 new jobs to its Huntsville, Alabama, facility, the largest hiring need in the plant’s history. The investment also includes a building expansion. Overall, the plant represents an investment of $1.2 billion.
Kentucky
Toyota Motor Manufacturing Kentucky (TMMK) - $238,000,000
Toyota’s Kentucky vehicle plant, the company’s largest globally, will begin production of the Lexus ES 300h hybrid in May 2019 with annual capacity of 12,000 units while RAV4 Hybrid production will start January 2020 with an annual capacity of 100,000 units. TMMK’s 8,000 team members also build Camry, Camry Hybrid, Avalon, Avalon Hybrid and Lexus ES models with an annual capacity of 550,000 vehicles. Overall, the plant represents an investment of more than $7 billion.
Missouri
Bodine Aluminum Troy, Missouri - $62,000,000
Investments in Toyota’s Bodine Aluminum plant in Missouri will provide equipment to produce an additional 864,000 cylinder heads for Toyota’s New Global Architecture (TNGA). Bodine’s 900 Missouri team members currently produce more than 3 million cylinder heads a year, which are made for every Toyota and Lexus manufactured in North America. Overall, the plant represents an investment of $455 million.
Tennessee
Bodine Aluminum Jackson, Tennessee - $50,000,000
The Tennessee investment includes a building expansion and equipment to double the capacity of hybrid transaxle cases and housings to 240,000 annually. The investment will also provide equipment to produce an additional 288,000 engine blocks a year for TNGA. The plant’s 300 team members currently produce 1.7 million engine blocks a year, which supply every Toyota and Lexus manufactured in North America, and 580,000 transmission cases and housings. Bodine will add 13 new jobs to its facility in Tennessee. Overall, the plant represents an investment of $365 million.
West Virginia
Toyota Motor Manufacturing, West Virginia (TMMWV) - $111,000,000
The West Virginia investment includes a building expansion and equipment to double capacity of hybrid transaxles from 120,000 units (Start of Production-2020) to 240,000 units annually in 2021. To meet the production demands, TMMWV will add 123 new jobs to its facility in Buffalo, West Virginia. Overall, the plant represents a $1.4 billion investment.
Ongoing Additional Investment
Today’s news builds upon Toyota’s already expansive presence in the U.S., which includes 10 manufacturing facilities. This past year, Toyota announced a joint venture with Mazda to build an additional plant in the U.S. The $1.6 billion joint investment will create up to 4,000 new jobs in Huntsville, Alabama, with production slated for 2021. Meanwhile, Toyota’s Princeton, Indiana, plant is undergoing a $600 million transformation (previously announced) to incorporate TNGA and increase Highlander capacity by 40,000 units annually. With this, Toyota is adding 400-plus people to its team in Indiana. In Blue Springs, Mississippi, Toyota is launching the all-new 2020 Corolla on the TNGA line that included a $170 million investment and an increase of 400 jobs (previously announced). Currently, Toyota employs more than 37,000 Americans.
Part of that commitment is seen today with an investment announcement of nearly $750 million in five different states, with more to come. The new investments include adding the Toyota RAV4 Hybrid, the best-selling SUV in the U.S., and Lexus ES 300h hybrid vehicle production at its Georgetown, Kentucky, manufacturing plant; expanding engine capacity at its Huntsville, Alabama, facility; doubling hybrid transaxle capacity at its plant in Buffalo, West Virginia; and a building expansion for additional castings at Bodine Aluminum’s Jackson, Tennessee, facility as well as additional castings at its Troy, Missouri, facility.
“These latest investments represent even more examples of our long-term commitment to build where we sell,” said Jim Lentz, chief executive officer for Toyota Motor North America. “By boosting our U.S. manufacturing footprint, we can better serve our customers and dealers and position our manufacturing plants for future success with more domestic capacity.”
A state-by-state look at the new investments totaling $749 million and 586 new jobs:
A state by state look at the new investments totaling $749 million and 586 new jobs:
Alabama
Toyota Motor Manufacturing, Ala. (TMMAL) - $288,000,000
In Alabama, Toyota’s investment will increase annual engine capacity from 670,000 to 900,000 by the end of 2021 to increase product flexibility and better accommodate market demand. New 4-cylinder and V6 engine lines will add 450
new jobs to its Huntsville, Ala., facility, the largest hiring need in the plant’s history. The investment also includes a building expansion. Overall, the plant represents an investment of $1.2 billion.
Kentucky
Toyota Motor Manufacturing, Ky. (TMMK) - $238,000,000
Toyota’s Kentucky vehicle plant, the company’s largest globally, will begin production of the Lexus ES 300 Hybrid in May 2019 with annual capacity of 12,000 units while RAV4 Hybrid production will start January 2020 with an annual
capacity of 100,000 units. TMMK’s 8,000 team members also build Camry, Camry Hybrid, Avalon, Avalon Hybrid and Lexus ES models with an annual capacity of 550,000 vehicles. Overall, the plant represents an investment of more than $7 billion.
Missouri
Bodine Aluminum Troy, Mo. - $62,000,000
Investments in Toyota’s Bodine Aluminum plant in Missouri will provide equipment to produce an additional 864,000 cylinder heads for Toyota’s New Global Architecture (TNGA.) Bodine’s 900 Missouri team members currently produce more
than 3 million cylinder heads a year, which are made for every Toyota and Lexus manufactured in North America. Overall, the plant represents an investment of $455 million.
Tennessee
Bodine Aluminum Jackson, Tenn. - $50,000,000
The Tennessee investment includes a building expansion and equipment to double the capacity of hybrid transaxle cases and housings for Highlander, Lexus RX and Lexus NX to 240,000 annually. The investment will also provide equipment
to produce an additional 288,000 engine blocks a year for TNGA. The plant’s 300 team members currently produce 1.7 million engine blocks a year, which supply every Toyota and Lexus manufactured in North America, and 580,000 transmission cases and housings.
Bodine will add 13 new jobs to its facility in Tennessee. Overall, the plant represents an investment of $365 million.
West Virginia
Toyota Motor Manufacturing, W.Va. (TMMWV) - $111,000,000
The West Virginia investment includes a building expansion and equipment to double capacity of hybrid transaxles from 120,000 units (Start of Production-2020) to 240,000 units annually in 2021. To meet the production demands, TMMWV
will add 123 new jobs to its facility in Buffalo, WV. Overall, the plant represents a $1.4 billion investment.
Ongoing Additional Investment
Today’s news builds upon Toyota’s already expansive presence in the U.S. which includes ten manufacturing facilities. This past year, Toyota announced a joint venture with Mazda to build an additional plant in the U.S. The $1.6
billion joint investment will create up to 4,000 new jobs in Huntsville, Ala. with production slated for 2021. Meanwhile, Toyota’s Princeton, Ind., plant is undergoing a $600 million transformation (previously announced) to incorporate TNGA and increase Highlander
capacity by 40,000 units annually. With this, Toyota is adding 400+ people to its team in Indiana. In Blue Springs, Miss., Toyota is launching the all-new 2020 Corolla on the TNGA line that included a $170 million investment and an increase of 400 jobs (previously
announced.) Currently, Toyota employs more than 37,000 Americans.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time,
Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 38 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ
more than 47,000 people (more than 37,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold 2.8 million cars and trucks (2.4 million in the U.S.) in 2018 – and about 87 percent of all Toyota vehicles sold over the past 16 years
are still on the road today.
Quotes
“Today’s exciting announcement shows Toyota’s recognition and continued trust in the high-level skills and expertise of our fantastic team here in Kentucky. The production changes announced today are centered upon our commitment
to meet changing customer desires by diversifying the types of products our team members build here in Georgetown. This is also a further testament to Toyota’s long-term commitment to Kentucky and our team is excited about what these changes mean for the future
of our facility.”
- Susan Elkington, president of Toyota Motor Manufacturing Kentucky
“Toyota has been a remarkable corporate partner to the commonwealth for the past 30 years, and we thank the company for its continued commitment to Kentucky,” Gov. Matt Bevin said. “We are immensely proud that the Bluegrass State
is home to Toyota’s largest manufacturing operation, and we enthusiastically support this substantial investment to address the rising demand for hybrid vehicles. This significant announcement puts the company in position to better serve its customers for
years to come, and we look forward to Toyota, Scott County and Kentucky continuing to grow together.”
- Governor Matt Bevin
“Toyota continues to be a truly great partner to Kentucky, and we are so proud to be the home to its largest vehicle plant in the world representing an investment of more than $7 billion,” said Senator Mitch McConnell. “With the
announcement of increased investment in Georgetown, Toyota is once again tapping into our high-skilled and talented workforce. We are especially grateful that workers in Central Kentucky will not only benefit from the strong consumer market for SUVs by producing
the RAV4 Hybrid starting in January 2020 but also from the Lexus ES 300 Hybrid production this year. Optimism surrounding our growing economy, supported by pro-opportunity and pro-family policies, continues to sweep the country, and I am pleased Kentucky is
enjoying the benefits.”
- Senator Mitch McConnell
“Through commitment and dedication to excellence, Toyota has cemented itself as an important part of central Kentucky's community and local economy. Over the years, I have had the opportunity to tour the plant, meet many of the
employees, and see the assembly line first hand. Today's wonderful news is just one example of the longstanding partnership between Toyota and Kentuckians, and I am pleased to congratulate them on their continued investment in the Commonwealth and support
of Kentucky's growing workforce.”
- Senator Rand Paul
“Since opening its doors in 1986, TMMKY has proven itself as a tremendous corporate partner by continuing to reinvest in our communities and in our workforce. Today’s announcement of another $238 million investment – one that comes
on the heels of the $1.33 billion investment for the Toyota New Global Architecture Platform (TNGA) here in Georgetown – is further proof of that. Toyota works for Kentucky, and Kentucky works for Toyota. Kentucky is reaping the benefits of our booming economy,
and I’m happy to see those benefits come to fruition right here in the Sixth District.”
- Congressman Andy Barr
Toyota Motor Manufacturing Alabama (TMMAL) - $288,000,000
In Alabama, Toyota’s investment will increase annual engine capacity from 670,000 to 900,000 by the end of 2021 to increase product flexibility and better accommodate market demand. New 4-cylinder and V6 engine lines will add 450 new jobs to its Huntsville, Alabama, facility, the largest hiring need in the plant’s history. The investment also includes a building expansion. Overall, the plant represents an investment of $1.2 billion.
Kentucky
Toyota Motor Manufacturing Kentucky (TMMK) - $238,000,000
Toyota’s Kentucky vehicle plant, the company’s largest globally, will begin production of the Lexus ES 300h hybrid in May 2019 with annual capacity of 12,000 units while RAV4 Hybrid production will start January 2020 with an annual capacity of 100,000 units. TMMK’s 8,000 team members also build Camry, Camry Hybrid, Avalon, Avalon Hybrid and Lexus ES models with an annual capacity of 550,000 vehicles. Overall, the plant represents an investment of more than $7 billion.
Missouri
Bodine Aluminum Troy, Missouri - $62,000,000
Investments in Toyota’s Bodine Aluminum plant in Missouri will provide equipment to produce an additional 864,000 cylinder heads for Toyota’s New Global Architecture (TNGA). Bodine’s 900 Missouri team members currently produce more than 3 million cylinder heads a year, which are made for every Toyota and Lexus manufactured in North America. Overall, the plant represents an investment of $455 million.
Tennessee
Bodine Aluminum Jackson, Tennessee - $50,000,000
The Tennessee investment includes a building expansion and equipment to double the capacity of hybrid transaxle cases and housings to 240,000 annually. The investment will also provide equipment to produce an additional 288,000 engine blocks a year for TNGA. The plant’s 300 team members currently produce 1.7 million engine blocks a year, which supply every Toyota and Lexus manufactured in North America, and 580,000 transmission cases and housings. Bodine will add 13 new jobs to its facility in Tennessee. Overall, the plant represents an investment of $365 million.
West Virginia
Toyota Motor Manufacturing, West Virginia (TMMWV) - $111,000,000
The West Virginia investment includes a building expansion and equipment to double capacity of hybrid transaxles from 120,000 units (Start of Production-2020) to 240,000 units annually in 2021. To meet the production demands, TMMWV will add 123 new jobs to its facility in Buffalo, West Virginia. Overall, the plant represents a $1.4 billion investment.
Ongoing Additional Investment
Today’s news builds upon Toyota’s already expansive presence in the U.S., which includes 10 manufacturing facilities. This past year, Toyota announced a joint venture with Mazda to build an additional plant in the U.S. The $1.6 billion joint investment will create up to 4,000 new jobs in Huntsville, Alabama, with production slated for 2021. Meanwhile, Toyota’s Princeton, Indiana, plant is undergoing a $600 million transformation (previously announced) to incorporate TNGA and increase Highlander capacity by 40,000 units annually. With this, Toyota is adding 400-plus people to its team in Indiana. In Blue Springs, Mississippi, Toyota is launching the all-new 2020 Corolla on the TNGA line that included a $170 million investment and an increase of 400 jobs (previously announced). Currently, Toyota employs more than 37,000 Americans.
About Toyota
Toyota has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 38 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 47,000 people (more than 37,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold 2.8 million cars and trucks (2.4 million in the U.S.) in 2018 – and about 87 percent of all Toyota vehicles sold over the past 16 years are still on the road today.
Toyota has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 38 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 47,000 people (more than 37,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold 2.8 million cars and trucks (2.4 million in the U.S.) in 2018 – and about 87 percent of all Toyota vehicles sold over the past 16 years are still on the road today.
