Toyota Motor Engineering & Manufacturing North America will invest $200 million in its Bodine Aluminum casting and Alabama engine plants.
This would be the 9th investment made by Toyota in North America in the past two years, surpassing $2 billion. This new investment, aimed at increasing V6 engine production and machining capacity, will also add 4,000 new jobs, solidifying the Japanese automaker’s commitment to developing, designing and manufacturing cars in this market.
Toyota will invest $150 million in its Alabama plant, representing the 5th new investment since it began production 10 years ago. The plant will add 125 new jobs by 2014 when the $80 million V6 engine assembly expansion will be completed. The facility will have a total of 1,150 workers and a production capacity of 750,000 units annually. Almost $50 million will be invested in Bodine Aluminum, creating 40 new jobs and increasing production of cylinder heads and blocks.
“Today’s investment of $200 million into three separate Toyota facilities demonstrates Toyota’s commitment to North America and our localization efforts,” said Osamu “Simon” Nagata, president and CEO of TEMA. ”Our commitment to our local communities where we produce engines, engine parts and vehicles has never been stronger thanks to our team members and their continued focus on safety, quality and continuous improvement.”