Toyota announced a $1 billion investment across its Kentucky and Indiana operations in a March 23 statement.
The Japanese automaker announced the investment as it celebrated its 40th anniversary of the Kentucky plant, which is also Toyota’s largest manufacturing plant in the world, assembling about 550,000 vehicles and 600,000 engines a year, and employing close to 10,000 full-timers.
The $1 billion is part of the $10 billion the company had earlier committed to invest in the United States over the next five years.
“Toyota’s investment in the United States is for the long-term, tied to our philosophy of building where we sell and buying where we build,” said Mark Templin, chief operating officer, Toyota Motor North America. “We have created a tremendous value chain for nearly 70 years. Our teams have contributed to world-class design, engineering, and assembly of more than 35 million cars and trucks for our customers in the United States.”…