Toyota Adds 252 Jobs With $912 Million Hybrid Push

Core Insights - Toyota Motor Corporation announced a significant investment plan of $912 million for its North American manufacturing, aimed at increasing hybrid vehicle production and creating 252 new jobs [1][2][4] Investment Details - The investment will be distributed across five U.S. factories located in West Virginia, Kentucky, Mississippi, Tennessee, and Missouri [2] - This follows a previous commitment of $10 billion for U.S. operations over the next five years [2] Hybrid Production Expansion - Toyota plans to enhance its hybrid production capacity, including the assembly of hybrid-electric Corollas at the Blue Springs, Mississippi facility, marking the first U.S. assembly for electrified Corolla models [3][4] - Specific investments include: - West Virginia: $453 million and 80 new jobs [3] - Kentucky: $204.4 million and 82 new jobs [3] - Mississippi: $125 million for retooling the Blue Springs plant [4] - Tennessee: $71.4 million and 33 new jobs at the Jackson casting plant [4] - Missouri: $57.1 million and 57 new jobs at the Troy plant [4] Market Response - Despite the positive news, Toyota's stock (TM) fell by 1.91% to $195.20 on the day of the announcement [5] - Over the past year, TM stock has gained over 11% [5] Community Support - The Toyota USA Foundation is investing $110 million in the Driving Possibilities program to support PreK-12 education, indicating a commitment to future workforce development [5]