Engine, casting investment across four US
states furthers vehicle electrification efforts
PLANO,
Texas, April 19, 2022 /PRNewswire/ -- Advancing
the company's commitment to vehicle electrification, Toyota will
invest $383 million in four of its
U.S. manufacturing plants that build the heart of new Toyota and
Lexus vehicles. The new investment supports the production of
four-cylinder engines, including options for hybrid electric
vehicles, at its Alabama,
Kentucky, Missouri and Tennessee plants.
"Toyota customers want vehicles that are fuel-efficient and
electrified," said Norm Bafunno,
senior vice president, Unit Manufacturing and Engineering, Toyota.
"These investments allow us to meet customer needs and quickly
respond to an evolving market. We are committed to investing in the
U.S., and our teams are ready to take on this new challenge."
Toyota Alabama: Huntsville, Ala., $222
million
Toyota Alabama will create a new four-cylinder
production line with the capacity to produce engines for both
combustion and hybrid electric powertrains.
Additionally, the facility will expand its footprint by 114,000
square feet, which marks the plant's sixth building expansion since
2003. Toyota Alabama has the
capacity to build 900,000 engines annually and represents a nearly
$1.5 billion investment.
Toyota Kentucky:
Georgetown, Ky., $16 million
Toyota Kentucky is expanding flexibility of the
four-cylinder engine line announced last fall, which will better
position the plant to meet customer demand. The plant's
powertrain facility can produce up to 600,000 units annually.
Toyota Kentucky is the company's
largest plant globally, producing seven Toyota and Lexus
models, as well as four-cylinder and six-cylinder
powertrains. Overall, the plant represents an $8.5 billion investment.
Toyota Missouri:
Troy, Mo., $109 million
Toyota Missouri's investment provides new equipment
to build four-cylinder engine heads on three production lines. The
plant has the capacity to build more than 3 million cylinder heads
annually and represents a $564
million investment.
Toyota Tennessee:
Jackson, Tenn., $36 million
Toyota Tennessee will update equipment to build new
four-cylinder engine blocks. The plant has the capacity to produce
more than 2 million engine blocks annually and represents a
$425 million investment.
Toyota's Commitment to the U.S.
Last year,
Toyota announced new investments totaling $5.1 billion into its U.S. manufacturing
operations to support electrification efforts, demonstrating its
commitment to building where it sells and supporting local
economies.
Toyota's U.S. plants produce half of the vehicles it sells in
the U.S., and its North American assembly facilities produce more
than three-quarters (76%) of the vehicles it sells in the U.S.
In addition to the improvements to its manufacturing facilities,
the company is investing in the workforce of the future. Toyota
recently announced Driving Possibilities, a $110 million initiative to support PreK-12
education and beyond. The goal of the initiative is to improve
communities and get young people excited and prepared for the job
market.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in
the U.S. for more than 60 years, and is committed to advancing
sustainable, next-generation mobility through our Toyota and Lexus
brands, plus our nearly 1,500 dealerships.
Toyota directly employs more than 39,000 people in the U.S.
who have contributed to the design, engineering, and assembly of
nearly 32 million cars and trucks at our nine manufacturing
plants. By 2025, Toyota's 10th plant in North Carolina will begin to manufacture
automotive batteries for electrified vehicles. Toyota has more
electrified vehicles on the road than any other automaker, with
electrified vehicles comprising more than a quarter of our 2021
North American sales.
To help inspire the next generation for a career in
STEM-based fields, including mobility, Toyota launched its virtual
education hub at www.TourToyota.com with an immersive
experience and chance to virtually visit many of our U.S.
manufacturing facilities. The hub also includes a series of free
STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips
and more. For more information about Toyota, visit
www.ToyotaNewsroom.com.
Media Websites: ToyotaNewsroom.com
LexusNewsroom.com
Media
Contacts:
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Bekah Schmidt
|
Kim
Ogle
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Leah
Almeling
|
Toyota Alabama
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Toyota
Kentucky
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Toyota Missouri &
Toyota Tennessee
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256-788-4304
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256-746-5407
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636-462-1071
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bekah.schmidt@toyota.com
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kim.ogle@toyota.com
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leah.almeling@toyota.com
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SOURCE Toyota Motor North America