PLANO, Texas, June 30, 2020 /PRNewswire/ -- For more than
60 years, Toyota has been growing its presence in the United States, and today the company
announced it will reach its January
2017 pledge to invest $13
billion over a five-year period one year earlier than
anticipated.
Key investments include:
|
DATE
|
LOCATION
|
NEW
INVESTMENT
|
NEW
JOBS
|
DETAILS
|
|
January
2020
|
Princeton,
IN
|
$700
million
|
150
|
Completion of plant
modernization project; added 40,000 units of vehicle
capacity
|
|
September
2019
|
San Antonio,
TX
|
$391
million
|
---
|
Toyota New Global
Architecture (TNGA) and advanced technologies
|
|
March 2019
|
Huntsville,
AL
Georgetown,
KY
Troy, MO
Jackson,
TN
Buffalo,
WV
|
$750
million
|
600
|
Vehicle and unit
plant expansion
|
|
April 2018
|
Blue Springs,
MS
|
$170
million
|
400
|
TNGA for
12th generation Corolla
|
|
September
2017
|
Huntsville,
AL
Georgetown,
KY
Troy, MO
Jackson,
TN
Buffalo,
WV
|
$373.8
million
|
50
|
Support
production of TNGA hybrid powertrain
|
|
August
2017
|
Huntsville,
AL
|
$800
million
|
*4,000
|
Greenfield vehicle
manufacturing facility with Mazda (*Mazda Toyota Manufacturing
JV)
|
|
July 2017
|
Plano, TX
|
$1 billion
|
1,000
|
Completion of new
regional corporate headquarters
|
|
April 2017
|
Georgetown,
KY
|
$1.33
billion
|
---
|
TNGA and advanced
technologies
|
|
January
2017
|
Princeton,
IN
|
$600
million
|
400
|
Plant modernization
project
|
In addition to the investments previously announced, the company
invested $5.9 billion in supplier
tooling, general plant upgrades, research & development, and
other selling, general administrative costs, as well as a
$1 billion investment into the Toyota
Research Institute.
"For more than six decades, we have been committed to serving
our U.S. customers by investing locally and building cars where we
sell them," said Ted Ogawa, chief
executive officer for Toyota Motor North America. "Our commitment
to the U.S. market is unwavering, and we are underscoring this
point today with the completion of a $13
billion investment and over 6,500 new jobs since 2017 as we
focus on advancing electrification and improving mobility for more
Americans."
As the new USMCA takes effect on July
1, Toyota is well-positioned to meet the aggressive new
content requirements. Toyota has created a tremendous value chain
in the U.S., with more than $28.4
billion direct investment in the U.S., nine manufacturing
facilities, 10 including our joint venture with Mazda, nearly 1,500
dealerships and over 184,000 people working across the U.S.
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 40 million cars and
trucks in North America, where we
have 14 manufacturing plants, 15 including our joint venture in
Alabama (10 in the U.S.), and
directly employ more than 47,000 people (over 36,000 in the
U.S.). Our 1,800 North American dealerships (nearly 1,500 in
the U.S.) sold 2.7 million cars and trucks (2.4 million in the
U.S.) in 2019.
Through the Start Your Impossible campaign, Toyota highlights
the way it partners with community, civic, academic and
governmental organizations to address our society's most pressing
mobility challenges. We believe that when people are free to move,
anything is possible. For more information about Toyota,
visit www.toyotanewsroom.com.
Contact:
Victor Vanov 469.292.1318
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SOURCE Toyota Motor North America