Toyota Bodine announces $50M investment in Jackson plant

Enlarge ImageToyota's factories in Alabama and Kentucky are about to get a big cash injection from HQ in order to offset potential tariffs.                  Toyota

But, business being business and politics being what they are right now, it also seems likely that Toyota's expansion of its United States production is a show of allegiance to the powers that be in hopes of staving off increased tariffs on the goods that it imports from Japan.

Toyota said it will exceed a 2017 pledge to invest $10 billion over five years with a new commitment to reach almost $13 billion over the same period, including Thursday's announcement.

Six million engines have come from the local assembly plant.

Toyota announced past year it would jointly build a new $1.6 billion plant with Mazda Motor Corp in Alabama.

Ivey was invited to the announcement at the Toyota facility but could not attend because of a scheduling conflict. At the time, the average total hourly compensation for jobs at the plant was $45.47 - more than $90,000 a year for 40 hours of work a week, according to state documents. Right now, the plant has the capacity for 120,000 units.

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$288 million for increasing annual engine capacity at Toyota's Huntsville, Ala., facility. Attracting a talented and highly skilled workforce is of great importance to companies like Toyota, and I look forward to having them, and more than 230 other employers, represented at our upcoming job fair on Friday, March 22, from 11 a.m.to 3 p.m.at the Charleston Coliseum and Convention Center.

"We are especially grateful that workers in Central Kentucky will not only benefit from the strong consumer market for SUVs by producing the RAV4 Hybrid starting in January 2020 but also from the Lexus ES 300 Hybrid production this year", U.S. Sen. It will also invest $238 million in a Kentucky plant to build hybrid versions of the Toyota RAV4 and Lexus ES 300h.

Leaders with the company said they will mainly invest in their equipment and infrastructure to start building hybrid engine blocks.

"These latest investments represent even more examples of our long-term commitment to build where we sell", Jim Lentz, chief executive officer for Toyota Motor North America said Thursday in a written statement. The plant has the capacity of 12,000 units.

"Today's exciting announcement shows Toyota's recognition and continued trust in the high-level skills and expertise of our fantastic team here in Kentucky", said Toyota Kentucky President Susan Elkington. "It is because of our workforce and statewide partnerships that Toyota has continued to grow and prosper in Alabama". We are immensely proud that the Bluegrass State is home to Toyota's largest manufacturing operation, and we enthusiastically support this substantial investment to address the rising demand for hybrid vehicles.

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