Investors3
3年前
Toyota to Invest Additional $90 Million in Two U.S. Manufacturing Plants
February 11 2022 - 12:11PM
Dow Jones News
By Kimberly Chin
Toyota Motor Corp. said Friday it plans to spend an additional $90 million on two of its U.S. manufacturing facilities.
About $73 million will go toward its Toyota West Virginia plant and $17 million will be invested in its Toyota Tennessee plant.
In November, the auto maker said it would invest $240 million in its West Virginia facility to add a dedicated production line for hybrid transaxles. In total, the company has spent more than $2 billion on the plant so far, it said.
With the new investment, Toyota plans to increase its hybrid transaxle production capacity to 600,000 units per year, and assemble roughly 120,000 rear-motor stators, one of the key components in electric motors.
The investment in its Tennessee plant, where parts for its Toyota and Lexus vehicles in North America are made, will help increase the facility's capacity to cast hybrid transaxle cases and housings to 1.3 million per year from 1 million. The company's total commitment to the location to date is $389 million, it said.
Toyota plans to offer an electrified option across its entire lineup of Toyota and Lexus vehicles by 2025, the company has said.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
February 11, 2022 11:56 ET (16:56 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
https://ih.advfn.com/stock-market/NYSE/toyota-motor-TM/stock-news/87260469/toyota-to-invest-additional-90-million-in-two-u-s
MiamiGent
3年前
TM
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xxxxxxxxx,
As the General Manager of xxxxxxxxx Toyota of xxxxxxxxxx, I would like to thank you for your recent visit with us.
Our goal is to ensure that our clients are treated with courtesy and respect, as well as verify that you were provided with all the necessary information for a hassle-free purchasing experience.
Sincerely,
xxxxxxxx
This email was delivered to you by:
xxxxxxx Toyota of xxxxxxx
Hi xxxxxx,
Thanks for reaching out.
Your salesman was great! Tony, I believe.
The finance lady was very pleasant but ended surly when faced with: 1. my having two other trade-in quotes more than 120% and 140% higher than Toyota of xxxxxxx and 2. with 785-800 credit, I qualified for the Toyotathon 0% financing that runs to Jan 3rd. Come to think of it, Tony feigned no knowledge of this.
So with both, Tony polite and a bit surly/disgusted finance lady, it struck me distinctly as, "we can't make big money on you. See ya later. Next!"
I guess it is the times.
Oh, I spoke to a guy at my warehouse this morning and he chimed in, "that Toyota has a lousy reputation for trade ins. I hate them!" This was quite a revelation and put me at considerable ease. That my experience was nothing to internalize, it's just that kind of shop.
Good luck, Brian
MiamiGent 785-800 Credit Score, apparently a hindrance these days. Bigger money to be made on the weak.
whytestocks
4年前
NEWS: $TM Podium, Power Stage Win and a Streak of Fastest Times for the Toyota Yaris WRC
TOKYO, Sept 7, 2020 - (JCN Newswire) - The TOYOTA GAZOO Racing World Rally Team had a fantastic final day on Rally Estonia with a podium finish for Sebastien Ogier, a Power Stage win for Kalle Rovanpera and six out of six stage wins for the Toyota Yaris WRC. Ogier has increased his drivers' ch...
Find out more TM - Podium, Power Stage Win and a Streak of Fastest Times for the Toyota Yaris WRC