Toyota investing $125M to add hybrid-electric Corolla at Blue Springs plant [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
The first hybrids are expected to roll off the line alongside the gas-powered models in the first half of 2028. "It's significant for a couple of different reasons. One is Toyota continues to invest in our nation, it continues to invest in Mississippi," said Aaron Foster, Toyota Mississippi's vice president of manufacturing. "It's also significant because they're listening to our customers. We project that by 2030 that 70% of what we sell in the U.S. is going to be of some electrified version of our vehicles. The hybrids are really popular right now, and the fact we'll be building them in Mississippi is really exciting for us here." Toyota has invested $1.3 billion in the Blue Spring plant since 2007. While no jobs will be added as a result of today's announcement, the facility does employ 2,400. The Toyota Mississippi investment is part of the automaker announcing it was underwriting $912 million and 252 new jobs over three years across five manufacturing plants to increase hy
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