PRINCETON, Ind., Jan. 24, 2017 /PRNewswire/ -- Toyota Indiana knows how to ring in the New
Year! The company will add 400 jobs at the plant in
Princeton, investing $600 million to meet the strong and growing
demand for the Highlander midsize SUV and modernize the entire
plant. The investment will be used for retooling, new
equipment and advanced technologies to make the plant more
competitive. The project is scheduled to begin in fall 2019
and will add 40,000 Highlanders annually.
This expansion project is part of Toyota's localization strategy
to build vehicles where they are sold. During the 2017 North
American International Auto Show, Jim
Lentz, Chief Executive Officer, Toyota Motor North America,
announced that the company would, "invest an additional
$10 billion in the U.S. over the next
five years. This investment will be used to make the existing
plants even more competitive."
This announcement shows Toyota's commitment to continued U.S.
investment. The Princeton,
Indiana plant produced over 400,000 vehicles last year, the
highest in its 20-year history. "The Highlander has been a
great vehicle for our plant and we are excited to deliver even more
of them to our loyal customers," said Millie Marshall, president Toyota Indiana.
"This is a true testament to our team members and their dedication
to producing quality vehicles."
The third-generation Highlander made its debut at the
Indiana plant in 2013 and has
continually exceeded customer expectations. The Highlander
received the 2017 Top Safety Pick+ award from the Insurance
Institute for Highway Safety recognizing good crash protection
across the board.
About Toyota
Toyota (NYSE:TM), creator of the Prius and the Mirai fuel cell
vehicle, is committed to advancing mobility through our Toyota
and Lexus brands. Over the past 60 years, we've produced
more than 30 million cars and trucks in North America, where we operate 14
manufacturing plants (10 in the U.S.) and directly employ more than
44,000 people (more than 34,000 in the U.S.). Our 1,800 North
American dealerships (nearly 1,500 in the U.S.) sold more than 2.8
million cars and trucks (2.45 million in the U.S.) in 2015 – and
about 85 percent of all Toyota vehicles sold over the past 15 years
are still on the road today.
Toyota partners with community, civic, academic, and
governmental organizations to address our society's most pressing
mobility challenges. We share company resources and extensive
know-how to support non-profits to help expand their ability to
assist more people move more places. For more information about
Toyota, visit www.toyotanewsroom.com.
Media contacts
Karen Johnston; (812)
215-9103
Karen.johnston@toyota.com
Kelly Stefanich; (812)
779-8268
Kelly.stefanich@toyota.com
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SOURCE Toyota