The Japanese automaker is investing $1.33 billion in its Kentucky plant.
Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) will become the first plant in North America to begin producing vehicles on Toyota’s new platform, Toyota New Global Architecture (TNGA). The first vehicle to be made in the U.S. on TNGA will be the 2018 Toyota Camry, America’s number-one selling car for the past 15 years.
Along with TNGA improvements, TMMK will undergo other improvements that will modernize and streamline the production process. The investment will include updating equipment and construction of an all-new paint shop.
The factory is Toyota’s largest in the world, and the $1.33-billion investment is the largest in the plant’s history. TMMK employs 8,200 team members after recently adding over 700 people to support the upcoming launch of the 2018 Toyota Camry.
“This $1.33 billion investment is part of Toyota’s plan to invest $10 billion dollars in the U.S. over the next five years, on top of the nearly $22 billion Toyota has invested in the U.S. over the past 60 years,” said Jim Lentz, CEO of Toyota Motor North America. “Toyota New Global Architecture is about exciting, ever-better vehicles for our customers as it will improve performance of all models, including increased fuel efficiency, more responsive handling, and a more stable, comfortable feel while driving.”
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