Toyota Invests $383 Million in US Production
April 20, 2022 by Toyota
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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.
posted on conceptcarz.com
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