Toyota investing $749 million in five US plants, adding 586 jobs

Toyota Georgetown plant to produce two hybrid vehicles in new multimillion-dollar investment | Lexington Herald Leader

An automotive manufacturer is making a big investment in their Jackson plant.

In Huntsville, engine production capacity will increase from 670,000 to 900,000 with the expansion by the end of 2021. Four-cylinder and V-6 engines are also built at the site.

Toyota most recently announced an expansion in 2017. 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.

"Toyota Motor Manufacturing Alabama has been the backbone of Huntsville's advanced manufacturing economy for 18 years", Huntsville Mayor Tommy Battle said in the announcement.

Overall, the plant represents an investment of more than $7 billion dollars.

Fernandes says production will begin for the new 4-cylinder engine in 2020.

"I'm so proud of our team members and their commitment to building world-class engines", David Fernandes, Toyota Alabama president, said in the announcement.

"Toyota has been a remarkable corporate partner to the commonwealth for the past 30 years, and we thank the company for its continued commitment to Kentucky. The new engine lines will allow us to respond quicker to customer needs and strengthen our competitive edge in the industry".

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First, a $111 million investment will bring 123 jobs to the plant in Buffalo and double its transaxle production.

"And that's going to require us to do an expansion for the 6-cylinder line", Fernandes said.

"We are especially grateful that workers in Central Kentucky will not only benefit from the strong consumer market for SUVs by producing the RAV4 Hybrid starting in January 2020 but also from the Lexus ES 300 Hybrid production this year", U.S. Sen.

"One-third of Toyota vehicles built in North America are powered by engines produced right here", said Clark. 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.

Previously, Toyota also announced a $600 million investment at its Princeton, Ind., plant to increase the capacity of its Highlander SUV and global architecture.

Toyota plans to bring two new engine lines to the Huntsville engine manufacturing plant, which will account for 450 new jobs in Huntsville, officials said Thursday morning.

The company got millions in state tax incentives when it upgraded the plant for the new process.

$288 million for increasing annual engine capacity at Toyota's Huntsville, Ala., facility.

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