Toyota City, Japan, May 18, 2012 - (JCN Newswire) - Toyota Motor Corporation (TMC) announces that Toyota Motor Manufacturing, Alabama, Inc. (TMMAL), a TMC engine-production subsidiary in Alabama, United States, plans to increase engine production capacity and begin production of the 3.5-liter V6 "2GR"engine in March 2014 to meet growing demand.
TMMAL is to boost annual production capacity by 216,000 units solely for the 2GR, resulting in an increase of total engine capacity from 506,000 to 722,000 engines a year.
In addition to the creation of 125 new jobs, approximately 80 million dollars - including funds for the construction of a new building - will be invested towards the expansion.
2GR engines are currently produced in the U.S. at two other TMC subsidiaries: Toyota Motor Manufacturing, Kentucky, Inc. and Toyota Motor Manufacturing, West Virginia, Inc. The engines are installed on such vehicles as the "Highlander" crossover SUV, and the "Camry" and "Avalon" sedans.
TMC will continue to promote localized productionbased on the concept of producing vehicles where they are sold.
About Toyota
Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of March 2012, Toyota conducts its business worldwide with 50 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 160 countries and regions. For more information, please visit www.toyota-global.com.
Contact:
Toyota Motor Corporation
Corporate Communications Department
Public Affairs Division
Tel: +81-3-3817-9150
May 18, 2012
Source: Toyota
Toyota (TSE: 7203) (U.S: TM)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Production report
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