Toyota Charges Up Investment and Jobs in U.S. Manufacturing [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
PRINCETON, Ind. April 25, 2024 /PRNewswire/ -- Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota's commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion . This also brings the addition of up to 340 new, high-quality jobs with long-term stability. This investment will not only provide plant infrastructure to build the all-new BEV, it will add a new battery pack assembly line using lithium-ion batteries supplied by Toyota Battery Manufacturing North Carolina, a $13.9 billion facility slated to begin production in 2025. "Our team members are the heart of Toyota," said Tim Hollander , president of Toyota Indiana. "We take great pride in producing quality products while providing long-term, stable employment no matter the changes in our industry. Our team is committed to delivering this new produc
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