Toyota Hits Milestone of Ten Million Engines Produced in North America
Company's Investment in Powertrain Operations Tops $2 Billion
ERLANGER, Ky., Nov. 7 -- Toyota announced today that its four engines plants in North America have reached the ten million mark in engine production. Toyota also operates three casting plants to support the company's powertrain operations.
The milestone was recognized at Toyota engine facilities in Kentucky, West Virginia, Missouri, Alabama and Ontario, where Toyota's engine production now employs nearly 3,500 and reflects investment of $2.23 billion.
"This is a significant accomplishment for Toyota in North America," said Seiichi Sudo, President and CEO of Toyota Motor Manufacturing North America, Inc. "We began engine production here in 1990, and have steadily grown our powertrain operations since then. Engine production is a vital part of our North American manufacturing strategy."
In addition to Toyota's current powertrain operations, there are several major expansions underway in West Virginia, Alabama and Tennessee. These expansions are adding an additional $614 million of investment and 720 new jobs to Toyota's North American powertrain operations.
Power-
train
Powertrain Employ- Future
Plant Location Products Capacity Investment ment plans
Toyota Georgetown, Machining 500,000 $791.7 992 New V6
Motor Kentucky and assembly engines million engine
Manu- of 4-cylinder in 2006
factur- and V6
ing, engines,
Kentucky powertrain
parts
Toyota Buffalo, Machining 550,000 $759.9 929 Gear
Motor West and assembly engines million production
Manu- Virginia of 4-cylinder and in 2006;
factur- and V6 360,000 additional
ing West engines, automatic 240,000
Virginia five speed transmissions automatic
transmissions trans-
missions
in 2007.
Additional
investment
of $200
million and
employment
200 jobs
Bodine St. Louis Engine 6,900 $398.7 916 $164
Aluminum and Troy, blocks tons of million million
Missouri and aluminum Jackson, TN
and components parts per plant to
Jackson, month open on
TN November
9, 2005.
Additional
employment
of 220
planned.
Toyota Huntsville, Machining 250,000 $264.2 515 Additional
Motor AL and assembly engines million 150,000
Manu- of V8; V8 engines
factur- assembly in 2006.
ing, of V6 Additional
Alabama engines investment
of $250
million and
employment
of 300 jobs
Toyota Cambridge, Assembly of 150,000 $16.2 135
Motor Ontario 4-cylinder engines million
Manu- engines (US)
factur-
ing
Canada
TOTAL $2.23 3,487
billion
By 2008, Toyota will have the annual capacity to build 1.81 million cars and trucks, 1.44 million engines, and 600,000 automatic transmissions in North America. The company's direct employment is 38,000, with direct investment of nearly $16.3 billion. In addition, Toyota's annual purchasing of parts, materials, goods and services from North American suppliers totals more than $26 billion. Toyota's North American-produced vehicles include the Avalon, Camry, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma, Tundra, and the Lexus RX330.