Economy

New investment at Toyota WV is $111 million, 123 anticipated jobs

New investment at Toyota WV is $111 million, 123 anticipated jobs”

Toyota Motor North America executive Chris Reynolds said the investments represent yet more examples of the company's long-term commitment to build where it sells, irrespective of trade uncertainty due to tariffs.

Gov. Jim Justice and Senator Joe Manchin, speaking separately on MetroNews' "Talkline", confirmed a major investment at West Virginia's Toyota plant.

Toyota's latest announcement is an add-on to a plan first announced in 2017. This is Toyota we're talking about, so of course it's more hybrids. This donation is part of Toyota's focus on building the future workforce.

Toyota announced Thursday it will boost its planned U.S. investment by $3 billion to $13 billion over 5 years to boost manufacturing in multiple states. The jobs are not coming to the WSAZ region, but the company is investing $238 million in the Georgetown plant.

The Japanese automaker said part of that higher total is a $750 million injection in 5 states unveiled Thursday that will create 586 new jobs.

The company plans to invest $288 million in new 4-cylinder and 6-cylinder engine lines, Toyota North Alabama president David Fernandes said at a news conference.

The $111 million project is expected to bring 123 new jobs to the plant in Buffalo, the company said.

Toyota will be one of and more than 200 employers at a job fair planned from 11 a.m.to 3 p.m. on March 22 at the Charleston Coliseum and Convention Center. 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. "Overall, the plant represents an investment of more than $7 billion".

$62 million on equipment to boost production of Toyota and Lexus cylinder heads at Toyota's Bodine Aluminum facility in Troy, Mo.

"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 Susan Elkington, president of Toyota's Kentucky facility. We are immensely proud that the Bluegrass State is home to Toyota's largest manufacturing operation, and we enthusiastically support this substantial investment to address the rising demand for hybrid vehicles.



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