Toyota to invest USD803 million into Indiana plant to build two three-row SUVs, new Lexus production line
30 April 2021 10:09 am / 1 comment
Toyota has announced that it will invest USD803 million into the Toyota Motor Manufacturing Indiana (TMMI) facility to build two all-new, three-row SUVs “designed with the active Gen Y American family in mind.”
According to an official release, one of the two new SUVs will carry the Toyota badge, while the other will be a Lexus model. The latter will see the introduction of a Lexus production line to TMMI. Both vehicles are said to be part of the company’s electrified portfolio, which is in line with Toyota’s global aim towards carbon neutrality by 2050.
Nearly 1400 New Jobs Coming To Toyota Motor Manufacturing Indiana
PRINCETON, Ind. Nearly 1400 new jobs are coming to Toyota Motor Manufacturing Indiana by the end of 2023.
The manufacturing plant is in Princeton.
Leah Curry, president of TMMI, says they will be investing more than 800 million dollars.
“So, with this new investment in our plant and our people we will be adding two, all new, yet to be named, three row SUV’s to the current line-up of vehicles already assembled right here in the Hoosier heartland.”
TMMI, currently employs more than 7,000 Hoosiers in southwest Indiana, and has already begun filling production jobs.
Toyota will invest $803 million into the Toyota Motor Manufacturing Indiana (TMMI) site to build two all-new, three-row SUVs.
The $803 million investment will be used to prepare the manufacturing line for the new vehicles while also funding the training of employees and the re-tooling of the facility. The investment will add an addition 1,400 jobs to the factory that already employees 7,000.
“Toyota has been an incredible partner to the state of Indiana for nearly 25 years, and we’re thrilled to continue that partnership in order to drive our economy forward,” Indiana Governor Eric J. Holcomb said. “Indiana is proud to be home to the highest concentration of manufacturing jobs in the nation, while providing a skilled workforce that is contributing to the success of companies across a variety of industries. I can’t thank Toyota enough for the role they play in the strength of our manufacturing sector.”
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