Toyota officials said the expansion boosts the plant's capacity to produce hybrid transaxles. Instead, it reflects Toyota's plan to build multiple vehicles at its plants to better insulate each facility from downturns in market cycles.
Toyota announced Thursday it will boost its planned USA investment by $3 billion to $13 billion over 5 years to boost manufacturing in multiple states.
The company got millions in state tax incentives when it upgraded the plant for the new process.
They also will create 13 new jobs in the Jackson facility as a result of the investment.
Toyota is pledging $288 million to the engine plant in Huntsville. That money will be used to boost production of hybrid vehicles and their components, including adding hybrid versions of the Lexus ES and Toyota RAV4 to Toyota Motor Manufacturing Kentucky. Attracting a talented and highly skilled workforce is of great importance to companies like Toyota, and I look forward to having them, and more than 230 other employers, represented at our upcoming job fair on Friday, March 22, from 11 a.m.to 3 p.m.at the Charleston Coliseum and Convention Center.
Leaders with the company said they will mainly invest in their equipment and infrastructure to start building hybrid engine blocks.
Overall, the plant represents an investment of more than $7 billion dollars. It builds on capacity that was first announced two years ago.
The company plans to begin increasing production in May, starting with the Lexus ES Hybrid.
Toyota has announced a plan to boost investment in several of its USA production facilities.
"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", said Toyota Kentucky President Susan Elkington.
"Toyota has been a wonderful partner for West Virginia".
In hybrid vehicles, the transaxle takes the place of conventional transmission.
"By boosting our United States manufacturing footprint, we can better serve our customers and dealers and position our manufacturing plants for future success with more domestic capacity".