Toyota announced the plans on Friday as it celebrated the completion of a $1.3 billion investment at its plant in southwest Indiana as part of a previously-announced plan to invest $13 billion in its U.S. operations over a five-year period through 2021. It has announced investments of $7.1 billion thus far, including half of a new $1.6 billion plant with Mazda Motor in Alabama.
"Part of Toyota's tremendous success in North America is building vehicles where we sell them," Christopher Reynolds, chief administration officer, manufacturing and corporate resources for Toyota's North American operations, said in a press release. "Our $1.3 billion investment at TMMI is further proof that our Hoosier workforce is rededicated to producing safer, high-quality vehicles our customers love to drive.
The Indiana plant also assembles the Toyota Sienna minivan in addition to the Highlander, which was redesigned for the 2020 model-year. Sales of the Highlander were down 2.1% last year, while sales of the Sienna declined 16.1%. Tacoma production is expected to end at the plant in Texas in late 2021, according to Toyota. That will make room for additional Tundra production as well as the Sequoia SUV, which will end production at the Indiana plant by 2022. Additional vehicles could be added in the future as Toyota announced a $391 million investment for multi-vehicle production capabilities last summer.Toyota says no U.S.
Seven months after the tweet, Toyota announced it had altered plans to produce Corollas at the jointly-operated plant with Mazda in Alabama. It has since changed those plans to assemble an SUV at the plant, which is expected to begin production in 2021, and assemble Corollas at its Mississippi plant.
MAGA!
Trump's reaction in 3..2..1..
How can people be against NAFTA and immigrants? Are they evil?
realDonaldTrump is this ok? It's ok to move production overseas? 😬
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Source: Forbes - 🏆 394. / 53 Read more »