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 From Industry Week - Toyota’s U.S. branch announced April 28 it would invest $803 million more in its Princeton, Indiana location to build two new SUVs there. The money, Toyota says, will be used to prepare the factory for the new vehicles and train the expected 1,400 new employees to produce them. Toyota Motor Manufacturing, Indiana, currently employees 7,296 people, and Toyota says the 23-year-old plant has received $5.8 billion in investments so far. In a statement, Toyota said the new SUVs would be “electrified” and touted their role towards the company’s long-term carbon-neutral goals, but did not specify if the vehicles would be battery-operated or hybrid models. More at Industry Week
3 Comments
4/19/2023 01:42:22 pm
The other will officially introduce the Lexus line to Toyota Indiana. I’m so thankful for your helpful post! 4/19/2023 02:04:56 pm
The money toyota says will be used to prepare the factory for the new vehicles and train the expected. Thank you for sharing your great post! 8/12/2023 11:52:50 am
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AuthorManufacturing industry news is provided by the Technology & Manufacturing Association in Schaumburg, IL Archives
September 2023
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