Toyota says it is investing $ 461 million in the first US factory to add new technology, increase productivity and reduce carbon footprint.
The company said in a statement on Friday that it was investing $ 461 million in a US factory for the first time to add new technology, increase productivity and reduce carbon footprint.
The announcement does not include new jobs at the Central Kentucky Institute, but officials say 1,400 temporary jobs will be converted into permanent jobs, efforts will be made to improve recruitment, retain talent and provide a more inclusive work environment.
The plans will increase speed, flexibility and competitiveness by modernizing the Georgian factory with advanced production equipment and technologies, the statement said. This will include upgrades to expand the factory’s new production capacity.
The company plans to add a 2.4-liter turbo engine to expand the number of vehicles produced in North America.
“As Toyota’s most experienced assembly plant with about 9,000 manpower, TMMK must be physically and strategically adapted to meet the changing needs of its customers,” said Susan Elkton, president of Toyota Motor Manufacturers Kentucky.
Kentucky Governor Andy praised Sher’s announcement: “The state looks forward to being part of Toyota’s future electrification.
The factory will continue to build Camry, Camry Hybrid and RAV4 Hybrid, but the Lexus ES and Lexus ES hybrid production will return to Japan in 2024.
The factory began its transformation in 2017 with a $ 1.3 billion investment to equip Toyota’s new global architecture platform and new paint operations.
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