US Facilities · Autos
Toyota to invest $749 million in five US plants, adding 586 jobs
- Company
- Toyota Motor (Toyota Motor North America) (Toyota City, Aichi)
- Project
- Five US plants, Alabama, Kentucky, West Virginia, Missouri and Tennessee
- Value
- $749M (part of a pledge of nearly $13B in US investment, 2017–2021)
- Status
- Announced on March 14, 2019. The projects add 586 jobs.
- Date
- 2019-03-14
Toyota said it would invest $749 million in five US plants and add 586 jobs. The money is split among Alabama ($288 million), Kentucky ($238 million), West Virginia ($111 million), Missouri ($62 million) and Tennessee ($50 million). The spending is part of Toyota's pledge of nearly $13 billion in US investment over the five years from 2017 to 2021.
Why it matters
The $13 billion figure is a five-year total rather than new spending, but the announcement put concrete projects behind it. It came while the US was weighing tariffs on imported cars.
Sources
Kakehashi M&A News home
