Over the past two years, Toyota
has invested more than $2 billion at its North American production
facilities, and it apparently doesn't plan on stopping there. To keep up
with recent strong sales, Toyota is investing an additional $200
million at its engine plants in the Southern US to increase production
capacity of its V6 engines.
The bulk of this money ($150 million) will go to expand Toyota's engine
plant in Huntsville, AL, which is currently responsible for supplying
engines – four-cylinder, V6 and V8 – to eight of Toyota's 12
domestically produced vehicles. That includes the best-selling Toyota Camry (shown above).
Toyota didn't say exactly what improvements are being made to the plant, but this follows last year's $80 million investment
in the plant that is set to be completed by next year raising the
engine capacity to 750,000 annual units including 362,000 V6s. The
remaining $50 million will go to the casting plants of Toyota-owned
Bodine Aluminum in Missouri and Tennessee, which supply engine blocks
and cylinder heads to the Huntsville engine plant as well as others in
Kentucky and West Virginia. Scroll down below for the official press
release.
***Courtesy of Autoblog.com
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