Toyota to spend $1.3 billion on Kentucky factory

automakersToyota Kentucky plant to get $1.33 billionJapanese automaker Toyota Motor said it is spending $1.33 billion in its Kentucky plant as part of a plan to invest $10 billion in the United States over the next five years. "Toyota's decision to invest $1.3 billion in their Kentucky plant is further evidence that manufacturers are now confident that the economic climate has greatly improved under my administration," Trump said in the statement issued by Toyota. The plant employs about 8,200, and Toyota recently boosted the count by more than 700 ahead of the launch of the new version of the Camry. The investment in the plant, Toyota's largest, comes amid uncertainty over President Trump's trade policies that could affect certain Japanese firms' capital expenditure plans. And on Monday, United Airlines was in the spotlight after a video showed security agents dragging a man off a plane; he had refused to give up his seat on a flight that United overbooked.


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Toyota Invests A Massive $1.33 Billion In Kentucky Plant, Trump Takes Credit

In addition, the investment will go towards upgrading the plant to modernize and streamline the production process, including doing so by adding a new paint shop. The investment, political plays notwithstanding, will supply Toyota with firepower it needs to compete against other automakers looking to become its peer in terms of sales volume. On the wishlist for the platform is better handling through a more responsive chassis as well as flexibility to use the platform on various models with a variety of engine options. While the automaker is usually reprimanded for vehicles with appliance-like driving habits , Toyota's TGNA hopes to do away with that by baking fun into the mix along with the automaker's tradition for reliability.




Toyota announced Monday that it will invest more than $1.3 billion over the next three years to upgrade its massive assembly plant in Greensboro, Kentucky. "Toyota's decision to invest $1.3 billion in their Kentucky plant is further evidence that manufacturers are now confident that the economic climate has greatly improved under my administration," he said in a statement. Toyota had previously declared its plans to invest $10 billion in its U.S. operations over the next five years several days before Trump's took office. The plant is already home to such a shift in manufacturing needs, with Toyota previously hiring 700 new employees to help with the launch of the redesigned Camry. The investment is part of a plan dubbed the Toyota New Global Architecture that would overhaul the company's vehicle assembly system.


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