Toyota Achieves $13 Billion Investment Goal a Year Early

PRNewsfoto/Toyota Motor North America

On June 30 Toyota announced it will reach its January 2017 pledge to invest $13 billion over a five-year period one year earlier than anticipated. Toyota has 14 manufacturing plants in north America, 15 including its joint venture with Mazda in north Alabama. Eleven of those 15 plants are in the footprint of the Southern Automotive Alliance. Two plants are in Alabama — the Mazda Toyota plant now under construction in Huntsville and the Toyota Moto Manufacturing Alabama engine plant in Huntsville, completed in 2003.

A timeline of key investments in recent years in the SAA region include:

  • September 2019, $391 million, in San Antonio, TX
  • March 2019, a total of $750 million and 600 new jobs in plants in Huntsville, Alabama; Georgetown, Kentucky, and Jackson Tennessee (total also includes at that time plants in Troy, Missouri and Buffalo, West Virginia)
  • April 2018, $170 million and 400 new jobs, in Blue Springs, Mississippi
  • August 2017, $800 million and 4,000 new jobs (in progress), in Huntsville, Alabama
  • July 2017, $1 billion and 1,000 new jobs, in Plano, Texas
  • April 2017, $1.33 billion in Georgetown, Kentucky

In addition to the investments previously announced, the company invested $5.9 billion in supplier tooling, general plant upgrades, research & development, and other selling, general administrative costs, as well as a $1 billion investment into the Toyota Research Institute.

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