Toyota says to boost United States investment to $13B over 5 years

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Over the next five years, Toyota said it will increase production capacity at existing manufacturing plants in Huntsville, Alabama; Buffalo, West Virginia; Troy, Missouri; and Jackson, Tennessee, creating almost 600 new jobs, said Toyota. Then the next year they'll begin building the V6 engine.

"These latest investments represent even more examples of our long-term commitment to build where we sell", Jim Lentz, chief executive officer for Toyota Motor North America, said in the announcement.

A $50 million expansion and equipment upgrade at a Bodine plant in Jackson, Tennessee, will add 13 jobs and produce engine blocks while doubling the capacity of hybrid transaxle cases and housings. "I'm excited to see how this new venture will continue to benefit our local communities and know West Virginia workers will be eager to fill the 123 new jobs coming to TMMWV". It's the largest hiring need in the plant's history. The Rav4 hybrid will be made starting in January 2020 with an annual capacity of 100,000 vehicles, Toyota said.

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"They deserve to know if they're a security threat", he said.

The entire plant was a $7 billion investment, the company said before Thursday's announcement. This is a $3 billion increase from their 2017 announcement when they pledged to invest $10 billion.

"Toyota's continued investment at their Buffalo, West Virginia manufacturing facility is a testament to the facility's hard working employees and the success that comes with doing business in the Mountain State", stated Manchin, D-W.Va.

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That one was a $115.3 million investment to produce the company's first American-made hybrid transaxles.

Toyota announced previous year it would jointly build a new $1.6 billion plant with Mazda Motor Corp in Alabama. At the time, the average total hourly compensation for jobs at the plant was $45.47 - more than $90,000 a year for 40 hours of work a week, according to state documents. $500 thousand of that will go directly to Huntsville and Decatur through the "Alabama Network of Family Resources Centers".

The plant was built as Toyota's first "wholly-owned vehicle manufacturing plant" in the United States. Officials from the company say literacy is a fundamental part of career preparedness.

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