TOYOTA BOOSTING MANUFACTURING INVESTMENT IN THREE STATES

(The following is a reformatted version of a press release
issued by Toyota Motor Engineering & Manufacturing North
America, Inc. and received via electronic mail. The release was
confirmed by the sender.) 
TOYOTA BOOSTING MANUFACTURING INVESTMENT IN ALABAMA, MISSOURI
AND TENNESSEE 
$200 MILLION INVESTMENT FOR V6 ENGINE MACHINING IN HUNTSVILLE,
ALA., AND RELATED CASTING PARTS IN TROY, MO., AND JACKSON, TENN. 
TOYOTA HAS COMMITTED MORE THAN $2 BILLION TO EXPAND
NORTH AMERICAN PRODUCTION WITHIN THE PAST TWO YEARS 
ERLANGER, KY. (June 20, 2013) - Toyota Motor Engineering &
Manufacturing North America, Inc. (TEMA), announced today that
its Alabama engine plant and Bodine Aluminum casting plants will
invest a combined $200 million to boost machining capacity and
engine parts production for V6 engines.
Today’s announcement represents Toyota’s ninth manufacturing
investment in North America over the past two years that now
totals more than $2 billion. The result of this new investment
is more than 4,000 new jobs solidifying Toyota’s commitment to
designing, developing and assembling vehicles in the region.
Toyota’s Alabama engine plant’s $150 million investment in this
project represents its fifth significant new investment since it
began operations a decade ago. Toyota Alabama’s total investment
will be $850 million once the machining project is complete by
July 2015. 
As previously announced, Toyota Alabama will hire approximately
125 upon completion of its current $80 million V6 engine
assembly expansion by early 2014; its total employment will be
1,150. Annual engine capacity will be nearly 750,000 units. 
Toyota Alabama currently assembles 4-cylinder, V6 and V8 engines
for eight of 12 Toyota vehicles assembled in North America. It
is the only Toyota plant globally to produce these three types
of engines under one roof. 
Bodine Aluminum, wholly-owned by Toyota Motor Corporation and a
manufacturer of casting parts, will invest $50 million and
create a total of 40 new jobs at its plant in Troy, Mo., and 10
new jobs at its plant in Jackson, Tenn., to provide cylinder
heads and blocks to Toyota Alabama. Bodine’s total investment
will top $650 million and will employ nearly 1,100 at its three
locations once the machining project begins.
In addition to Toyota Alabama, Bodine also provides cylinder
heads and blocks to Toyota’s engine manufacturing facilities in
Kentucky and West Virginia. 
“Today’s investment of $200 million into three separate Toyota
facilities demonstrates Toyota’s commitment to North America and
our localization efforts,” said Osamu “Simon” Nagata, president
and CEO of TEMA. ”Our committment to our local communities where
we produce engines, engine parts and vehicles has never been
stronger thanks to our team members and their continued focus on
safety, quality and continuous improvement.” 
“Toyota Alabama continues to play a key role in our efforts to
build engines in the region for our loyal customers,” said Jim
Bolte, president of Toyota Alabama. “This vote of confidence
gives our team members and community partners added motivation
as we move towards our vision of becoming the most admired
company in the state.” 
“Bodine’s 100 years as a successful American manufacturer is a
direct result of our exceptional workforce in Missouri and
Tennessee,” said Bob Lloyd, president of Bodine. “We look
forward to serving our customer in Alabama, and ultimately, our
loyal customers who drive Toyotas every day.” 
About Toyota
Toyota (NYSE:TM) established operations in North America in 1957
and currently operates 14 manufacturing plants. There are more
than 1,800 Toyota, Lexus and Scion dealerships in North America
which sold over 2.3 million vehicles in 2012. Toyota directly
employs nearly 39,000 in North America and its investment here
is currently valued at more than $24.5 billion, including sales
and manufacturing operations, research and development,
financial services and design. Toyota’s annual purchasing of
parts, materials, goods and services from North American
suppliers totals nearly $30 billion. Toyota currently produces
12 vehicles in North America, including the Avalon, Camry,
Corolla, Highlander, Matrix, RAV4, Sienna, Sequoia, Tacoma,
Tundra, Venza and the Lexus RX 350. 
For more information about Toyota, visit www.toyota.com or
www.toyotanewsroom.com. 
Contacts:
Victor Vanov, Toyota Motor Engineering & Manufacturing North
America 859.746.4358 
Kim Ogle, Toyota Motor Manufacturing, Alabama 256.714.3633
Kathryn Ragsdale, Bodine Aluminum, 636.462.1071 
(bjh) NY 
#<873920.660640.3.4.1.0.76>#
 
 
Press spacebar to pause and continue. Press esc to stop.