Toyota to Invest $1.3 Billion in Kentucky Plant -
RisingWorld
2017-04-10
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Toyota to Invest $1.3 Billion in Kentucky Plant -
By BILL VLASICAPRIL 10, 2017
DETROIT — In the latest move by a major automaker to enhance its American manufacturing operations, Toyota said on Monday
that it would invest more than $1.3 billion to upgrade its assembly plant in Kentucky.
“This $1.33 billion investment is part of Toyota’s plan to invest $10 billion in the U. S. over the next five years, on top of the nearly
$22 billion Toyota has invested in the U. S. over the past 60 years,” said James E. Lentz, chief executive of Toyota Motor North America.
The investment will not add jobs at Toyota’s plant in Georgetown, Ky.,
but a company spokesman, Scott Vazin, said the investment “solidifies its commitment” to manufacturing vehicles in the United States.
Toyota said its investment in Kentucky would be spread over three years
and would introduce a new product development and manufacturing process that shortens vehicle development cycles.
By BILL VLASICAPRIL 10, 2017
DETROIT — In the latest move by a major automaker to enhance its American manufacturing operations, Toyota said on Monday
that it would invest more than $1.3 billion to upgrade its assembly plant in Kentucky.
“This $1.33 billion investment is part of Toyota’s plan to invest $10 billion in the U. S. over the next five years, on top of the nearly
$22 billion Toyota has invested in the U. S. over the past 60 years,” said James E. Lentz, chief executive of Toyota Motor North America.
The investment will not add jobs at Toyota’s plant in Georgetown, Ky.,
but a company spokesman, Scott Vazin, said the investment “solidifies its commitment” to manufacturing vehicles in the United States.
Toyota said its investment in Kentucky would be spread over three years
and would introduce a new product development and manufacturing process that shortens vehicle development cycles.
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