Toyota said it would invest $803 million in its Princeton, Indiana plant to build two new three-row SUVs, one Toyota and one Lexus, and add about 1,400 jobs by the end of 2023. The money covered new equipment, worker training and changes at suppliers. The plant Toyota's Princeton plant built its first vehicle, the Tundra pickup, in 1998. By 2021 Toyota had invested $6.6 billion in the site, which had more than 7,000 workers and built over 420,000 vehicles a year, including the Sienna minivan, the Highlander and the Sequoia. A run of expansions The earlier rounds, announced in 2017 and 2020, together came to $1.3 billion and 550 jobs. Indiana offered up to $15 million in performance-based tax credits and training grants for the 2021 project, paid only once jobs are filled and money is spent. The new SUVs Toyota kept the models secret at first, saying only that both would seat up to eight and offer hands-free driving in some conditions, remote parking from a smartphone and a digital key.
