Alabama Stands To Benefit From Toyota’s 30 Percent Boost In U.S. Spending
By Chester Dawson – Bloomberg
Toyota Motor Corp. is adding about $3 billion to a years-long U.S. investment plan in which Alabama is a major beneficiary.
The added spending raises the amount Toyota is investing in the U.S. to almost $13 billion over a five-year period ending in 2021. This includes a new $750 million outlay across several plants, the largest of which is the $288 million expansion of its engine plant in Huntsville, creating 450 additional jobs.
“Today’s news really builds on our already expansive presence in the U.S.,” Jim Lentz, chief executive officer of Toyota North America, told reporters on a conference call. “At a time when others are scaling back, we believe in the strength of America.”
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