Toyota Invests $383M into Four-Cylinder Production
April 25, 2022—Toyota has announced that it will invest $383 million into four of its United States manufacturing plants, according to a press release.
This investment will support production of four-cylinder engines, including options for their hybrid electric vehicles at their Alabama, Missouri, Kentucky and Tennessee plants.
The Alabama site will receive $222 million, Kentucky will receive $16 million, Missouri will receive $109 million and Tennessee will receive $36 million.
This money will allow Alabama to physically expand its square footage by 114,00 square feet. It will also help the plants boost production to meet customer demand replace or update equipment where necessary.
“Toyota customers want vehicles that are fuel-efficient and electrified,” said Norm Bafunno, senior vice president, unit manufacturing and engineering, Toyota in the press release. “These investments allow us to meet customer needs and quickly respond to an evolving market. We are committed to investing in the U.S., and our teams are ready to take on this new challenge.”