Toyota Motor Corp. has planned to invest USD 373.8 million for the production of hybrid powertrains in the United States. The investment will be distributed between five manufacturing plants. The company’s Bodine Aluminium plant in Jackson will get a distribution of $14.5 million.
Jim Lentz, CEO, Toyota Motor North America said, “This investment is part of our long-term commitment to build more vehicles and components in the markets in which we sell them.”
Shawn Daly, Plant Manager at Toyota Bodine Aluminium in Jackson, said: “We are thrilled to win this $14.5 million dollar investment to build Toyota’s latest 2.5 liter engine blocks and Hybrid Transaxle cases and housings at Toyota Bodine in Jackson.”
“This announcement reflects our Team Members’ strong capabilities and global competitiveness, and helps us to continue to secure a bright future for Toyota Bodine in Jackson, Tennessee.”
The company said that the projects are slated to start this year and expected to be operational by 2020.
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