Toyota (TM) Invests $282M to Expand Production in Alabama
TMToyota(TM) ZACKS·2024-06-07 20:16

Toyota Motor Corporation (TM) is investing 282milliontoexpandtheproductioncapacityoftheHuntsvilleplantinAlabama,addingmorethan350newjobs.Withthenewinvestment,thetotalinvestmentinToyotaAlabamastandsatmorethan282 million to expand the production capacity of the Huntsville plant in Alabama, adding more than 350 new jobs. With the new investment, the total investment in Toyota Alabama stands at more than 1.7 billion. The expansion will introduce new lines for drivetrain products. Per Jason Puckett, president of Toyota Alabama, the new lines are aimed at increasing the plant’s flexibility. Toyota Alabama, the company’s largest engine producer in North America, employs mo ...