Toyota is investing $125 million to expand its plant in Blue Springs. The company issued the following statement:
Toyota’s U.S. manufacturing presence is expanding again to meet growing demand for hybrid vehicles. As a part of Toyota’s recent commitment to invest up to $10 billion in the U.S. over the next five years, the company announces a $912 million investment and 252 new jobs across five manufacturing plants to increase hybrid capacity and bring hybrid-electric Corollas to its production lineup.
This investment in Toyota’s plants in West Virginia, Kentucky, Mississippi, Tennessee and Missouri further builds on the company’s ongoing commitment to reinvesting profits in its U.S. operations.
“Customers are embracing Toyota’s hybrid vehicles, and our U.S. manufacturing teams are gearing up to meet that growing demand,” said Kevin Voelkel, senior vice president, manufacturing operations. “Toyota’s philosophy is to build where we sell, and by adding more American jobs and investing across our U.S. footprint, we continue to stay true to that philosophy.”
A state-by-state look at the new investments, totaling $912 million and 252 new jobs...
Toyota’s Blue Springs, Miss. plant will add the hybrid-electric Corolla – marking the first electrified Corollas assembled in the U.S. The plant employs 2,400 and represents a $1.3 billion investment.
Mississippi politicians praised the news:
Toyota’s $125 million investment is another tremendous win for our state. Mississippi’s manufacturing prowess is unmatched, and our people consistently deliver high-quality products to the marketplace. Thank you to Toyota for its continued commitment to our state. (Governor Tate Reeves) Companies increase investment for one reason: They identify success and want to see even more. Toyota’s Blue Springs plant is getting the recognition it deserves for a legacy of quality and reliability. I look forward to working with Toyota to implement this new investment, which will create jobs, boost economic development, and give Mississippi more opportunities to succeed. (Senator Rogert Wicker) Toyota has long been an outstanding company and valued community partner to have in Mississippi, and this latest investment in the Blue Springs plant is further proof of its commitment to our state. We can all look forward to an even greater Toyota presence in north Mississippi as its hybrid-electric cars roll off the line and into driveways across the country. (Senator Cindy Hyde-Smith)
11 comments:
Wonder what's to happen with our Canton Nissan plant.
@8:52am Nothing, thankfully it's newer and more equipped than Nissan in Nashville. And at worst, if Nissan does shutter it, hopefully another automaker buys it to make theirs.
Who wouldn't want an already built mile long facility instead of building a new one, right?
Has Roger Wicker ever been to places in Mississippi other than Tupelo or the coast? Can't wait for his sorry ass to retire.
I compliment Reeves, Wicker, and Hyde-Smith for not taking credit for this investment in their remarks.
nissan makes a bad product at an even worse price. anyone who would buy anything other than a toyota has brain damage.
Toyota CEO went full magatard. No thanks.
Toyota makes the best hybrid autos
Toyota hybrids are the new millionaire next door vehicles.
Despite their continued economic failures, Japan’s perpetual ruling party just elected their own Sarah Palin as Prime Minister. They have been politically retarded since the 90s. Leave Trump and MAGA out of it. America is still the dominant economic power and the market to kowtow.
Are the state giveaways for nissan coming to an end? Is that the problem
not sure whether it's the peasants or the Japanese who are supposed to be all huggy-bear warm inside at the use of the word "investment."
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