Toyota to invest $200 million to boost V6 capacity at engine sites

Article by Anita Panait, on June 21, 2013

Toyota Motor Corp. is intending a $200-million investment to increase the production capacity for its V-6 engine machining and parts in North America, according to Toyota Motor Engineering and Manufacturing North America Inc. The latest announcement means that Toyota’s total committed investment over the past two years to over $2 billion.

The latest set of investments will allow the carmaker to create 50 new jobs across several plants. The carmaker is planning to invest $150 million at Toyota Alabama engine plant and $50 million for its Bodine Aluminum unit.

The investment will result to the creation of 40 new jobs at Bodine’s Troy site in Missouri and 10 more at its Jackson plant in Tennessee. The unit will produce blocks and cylinder heads for Toyota Alabama. The Toyota Alabama engine plant assembles V-6, V-8 and 4-cylinder engines for eight of the 12 Toyota vehicles built in North America.

The Toyota Alabama engine plant is also the only Toyota site in the world to build the three engines in the same location.

The carmaker disclosed in May that it plans to hike the site’s production capacity by 216,000 engines annually. With the expansion, the site is now expected to be able to build nearly 750,000 engines a year, 362,000 of which will be V-6 powerplants.

Toyota is logging strong sales growth in pickup and SUV segments this year in the United States, with the Detroit 3 still dominating the pickup sector. According to Automotive News Data Center, Toyota Division posted a 12-percent surge in light truck sales in the first five months of 2013 to 324,570 vehicles, majority of which were powered by V-6 engines. [source: Toyota]

If you liked the article, share on:

Comments

Recommended

It has been nearly eight years since Toyota entered a new era of sports cars when it officially unveiled the production version of the Toyota 86 – also known as...
by - February 27, 2019
The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019