Major automotive award announcements

Toyota Invests $1.4 Billion in Indiana, Adds 340 Jobs for Electric SUV

Apr 25, 2024, 08:10 PM

Toyota Motor Corp. announced a significant investment of $1.4 billion in its Princeton, Indiana facility to expand its electric vehicle production capabilities. This investment aims to support the assembly of a new three-row battery electric SUV, marking a strategic move in Toyota's electrification efforts in the U.S. The expansion, focusing on the production of new Toyota brand EVs, will create 340 new jobs at the Indiana plant, reflecting Toyota's commitment to enhancing its manufacturing footprint and boosting the local economy.