In total, the previously announced plant transformation represents an investment of $1.3 billion and will create 550 jobs, the company said Friday. Toyota overhauled the plant so it could begin producing the 2020 Highlander.
Holcomb announces $400M Fiat-Chrysler investment, teacher pay plan in speech
According to Gov. Eric Holcomb’s prepared remarks, Fiat-Chrysler will invest $400 million in its Kokomo facility and hinted that an announcement will be made on Friday from Toyota in Princeton.Read More
It marks yet another expansion of the Japanese automaker's U.S. presence, bringing to nearly $13 billion the amount it will spend by 2021.
Japanese automakers Toyota and Mazda have picked Alabama as the site of a new $1.6 billion joint-venture auto manufacturing plant that will employ 4,000 people, a person briefed on the decision said Tuesday.
Toyota and Mazda announced in August that they planned to spend $1.6 billion on a U.S. plant that would employ up to 4,000 workers.
Indiana is among more than a dozen states trying to land the $1.6 billion project, which could require a generous outlay from the winning locale.
The factory will be able to build 40,000 more Highlanders per year when the expansion is finished in the fall of 2019.
Toyota will pay up to settle a class action lawsuit brought by U.S. pickup truck and SUV owners whose vehicles lacked adequate rust protection. Two of the models were made in Indiana.
Toyota Boshoku Indiana LLC has launched a $10.6 million expansion of its plant in Princeton.
Toyota says the factory has produced 4.3 million vehicles, including Highlander and Sequoia SUVs and Sienna minivans.
Toyota Indiana on Friday said it plans to expand operations at its Princeton plant, about 150 miles southwest of Indianapolis, creating up to 300 jobs by 2016.
Fuji Heavy Industries Ltd., the maker of Subaru cars, will stop making Camry cars in the U.S. for its largest shareholder, Toyota Motor Corp., in the second half of 2016. About 100,000 Camrys are made annually at the Indiana plant.
Toyota remained the top-selling automaker for a second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013.
Toyota built 1.86 million cars and light trucks at U.S., Canadian and Mexican plants in 2013, while Tokyo-based Honda made 1.78 million autos in North America.