Toyota Will Spend $374 Million on Five U.S. Plants - Think Hybrids and Camrys

Toyota announced yesterday that its plans to invest $10 billion in the United States, revealed earlier this year, will grow by another $374 million with big spending at five different factories in five different states.

Kentucky, Tennessee, West Virginia, Alabama, and Missouri will all benefit. Though it’s unlikely the investments will directly translate to much in the way of new employment — Toyota promises 50 new jobs in Alabama — Toyota says “these investments will help to ensure the stability of the plants’ employment levels in the future.”

At the core of the investments? Toyota is spending money to enable greater production of the new TNGA 2018 Toyota Camry’s 2.5-liter engines and hybrid transaxles. Why America? “The investment is part of our long-term commitment to build more vehicles and components in the markets in which we sell them.”

Toyota sells 200,000 vehicles per month in the United States.

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Volvo Doubles South Carolina Investment, Pours In Another $500 Million, Plans Two Production Lines

Volvo continues to look forward to real U.S. sales recovery, meeting the goal of record U.S. sales volume by 2020, and a fourth consecutive year of record global sales. To get there, Volvo is already altering plans at the Charleston, South Carolina, assembly plant where construction is already in full swing.

Altering? According to Reuters and Charleston’s Post and Courier, it’s more like deciding that the plant should be twice as large, build twice as many vehicles, house more than twice as many employees, and cost twice as much.

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  • Bd2 Mark my words : Lexus Deathwatch Part 1, the T24 From Hell!
  • Michael S6 Cadillac is beyond fixing because of lack of investment and uncompetitive products. The division and GM are essentially held afloat by mega size SUV (and pick up truck GM) that only domestic brainwashed population buys. Cadillac only hope was to leapfrog the competition in the luxury EV market but that turned out disastrously with the botches role out of the Lyriq which is now dead on arrival.
  • BlackEldo I'm not sure the entire brand can be fixed, but maybe they should start with the C pillar on the CT5...
  • Bd2 To sum up my comments and follow-up comments here backed by some data, perhaps Cadillac should look to the Genesis formula in order to secure a more competitive position in the market. Indeed, by using bespoke Rwd chassis, powertrains and interiors Genesis is selling neck and neck with Lexus while ATPs are 15 to 35% higher depending on the segment you are looking at. While Lexus can't sell Rwd sedans, Genesis is outpacing them 2.2 to 1. Genesis is an industry world changing success story, frankly Cadillac would be insane to not replicate it for themselves.
  • Bd2 Even Lexus is feeling the burn of not being able to compete in the e-ATP arena.