Toyota to invest $170 mn in Mississippi plant, innovate 400 jobs

DETROIT (Reuters) - Toyota Motor Corp (7203.T) going to invest $170 mn in an existing plant in Mississippi to build the following generation of its Corolla sedan, the Japanese automaker said on Thursday. FILE picture: The Toyota logo is shown at the Los Angeles Auto display in Los Angeles, California, U.S., November 30, 2017. REUTERS/Mike Blake/File PhotoThe investment going to lead to the creation of 400 jobs over the following twelve months at Toyota's Blue Springs, Mississippi, plant. Toyota said the investment going to involve replacing the current production lines, allowing the facility "to Production features vehicles further efficiently & better adapt to changing market needs."The move is portion of a commitment made with the automaker in 2017 to spend $ten bn in its U.S. manufacturing operations over the following 5 years. Unlike U.S. automakers General Motors Co (GM.N), Ford Motor Co (F.N) & Fiat Chrysler Automobiles NV (FCHA.MI) - that are pulling back from passenger vehicles as American consumers abandon them in favor of higher-margin, further comfortable pickup trucks, sport utility vehicles & crossovers - Toyota, Honda Motor Co Ltd (7267.T) & Nissan Motor Co Ltd (7201.T) have all invested heavily in all-Fresh versions of their sedan models.

Toyota to Spend $170M to extend Mississippi Plant, Hire 400

(AP) – Toyota Motor Corp. plans to invest $170 mn & add 400 jobs at its Mississippi assembly plant as it shifts some production of the Corolla sedan from Canada. Spokeswoman Kathryn Ragsdale said Toyota This time could make 170,000 cars yearly at the northeast Mississippi plant. further importantly, the Inc. is pulling Corolla production from its Cambridge, Ontario, plant to build further RAV4 sport utility cars there. Toyota had planned to shift Corolla production to Mexico, however then decided to build pickups there, leaving Blue Springs & a Fresh plant which Toyota & Mazda are jointly building in Huntsville, Alabama, as the sites for North American Corolla production. "The Toyota Fresh universal Architecture allows America to completely change the method we design & Production cars," said Sean Suggs, president of Toyota Motor Manufacturing Mississippi.

Toyota creating hundreds of jobs by Mississippi plant expansion

as mentioned in (picture: File picture/AP)4 100 jobs going to come to Blue Springs over the course of the following twelve months as portion of a Toyota expansion. Toyota is investing $170 mn in Fresh productions at its automotive manufacturing plant in Blue Springs, according to a release issued by Gov. I'm soproud of our team members' '1 Team' spirit along by the partnerships we have developed across the state," Toyota Mississippi President Sean Suggs said in the release. According to the launched, Toyota's investment supports produce of the 12th generation Corolla Utilizing Toyota Fresh universal Architecture (TNGA). "For further than a decade, Toyota has been a valued corporate partner to Blue Springs & the state of Mississippi," Gov.

collected by :Edison Noah

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