Toyota will add 400 new jobs at its plant in Princeton, Ind.
Toyota will add 400 new jobs at its plant
in Princeton, Ind., investing $600 million to meet the strong and growing
demand for the Highlander and modernize the entire plant. The investment will
be used for retooling, new equipment and advanced technologies to make the
plant more competitive. The project is scheduled to begin in fall 2019 and will
add 40,000 Highlanders annually.
This expansion project is part of Toyota’s localization
strategy to build vehicles where they are sold. During the 2017 North American
International Auto Show, Jim Lentz, CEO of Toyota Motor North America,
announced that the company would, “invest an additional $10 billion dollars in
the U.S. over the next five years. This investment will be used to make the
existing plants even more competitive,” he said.
This announcement shows Toyota’s commitment to continued
U.S. investment. The Indiana plant produced more than 400,000 vehicles last
year -- the highest in its 20-year history. “The Highlander has been a great
vehicle for our plant and we are excited to deliver even more of them to our
loyal customers,” said Toyota Indiana President Millie Marshall. “This is a
true testament to our team members and their dedication to producing quality
Highlander production at the
Indiana plant began in 2013 and has continually exceeded customer expectations.
The Highlander received the 2017 Top Safety Pick+ award from the Insurance
Institute for Highway Safety.