Toyota Announced a $13 Billion Investment in the U.S.

Enlarge ImageToyota's factories in Alabama and Kentucky are about to get a big cash injection from HQ in order to offset potential tariffs.                  Toyota

Toyota says its latest investment will create 586 new jobs.

Six million engines have come from the local assembly plant.

The entire plant was a $7 billion investment, the company said before Thursday's announcement.

The money for the Buffalo plant will allow for building expansion and additional equipment. The Rav4 hybrid will be made starting in January 2020 with an annual capacity of 100,000 vehicles, Toyota said. It will double to 240,000 units with this investment. "Doubling our production of hybrid transaxles in West Virginia solidifies our facility's role in producing next generation engines and transmissions that will drive the future of Toyota's advanced mobility technology".

The plant was built as Toyota's first "wholly-owned vehicle manufacturing plant" in the United States. The senator said 230 employers will be represented at the job fair from 11 a.m.to 3 p.m. Friday, March 22, at the Charleston Coliseum and Convention Center. This is Toyota we're talking about, so of course it's more hybrids.

Toyota Motor North America CEO Jim Lentz said the driving force behind the overall investment has been consumers' "insatiable appetite" for light trucks over passenger cars, pointing to Highlander and RAV4 production and past pickup truck production.

According to the company, "the [Buffalo] plant represents a $1.4 billion investment".

More news: Alia Bhatt and Ajay Devgn join Rajamouli's RRR

As Toyota announced a massive expansion at five locations across the country on Thursday - the largest of which is taking place in Huntsville - Trump tweeted out his congratulations. The company is funneling $288 million into the Huntsville plant.

Toyota now manufactures the Camry, Avalon, Lexus ES 350, Camry hybrid and Avalon hybrid at the Georgetown facility. The plant has the capacity of 12,000 units.

Toyota also is spending $62 million to boost production at its Troy, Missouri, facility.

"Today's announcement further cements the strong community partnership Toyota has in our state". It builds on capacity that was first announced two years ago.

"Toyota has been a wonderful partner for West Virginia".

"By boosting our USA manufacturing footprint, we can better serve our customers and dealers and position our manufacturing plants for future success with more domestic capacity".

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