Toyota is planning to invest a lofty sum of $64
million in its facility in West Virginia. The goal is to expand production of
six-speed automatic transmissions. This will bring Toyota Motor Manufacturing
West Virginia's annual transmission capacity to just under 400,000. The West
Virginia plant currently builds six-speed transmissions for many of Toyota's
V6-engine models. Many of which you can find here at Toyota of
North Charlotte, including the Toyota
Avalon, the Toyota
Camry, the Toyota
Sienna, and the Toyota
Perhaps more important, the plant's growth will create a handful of new jobs, which in today's market is a spectacle to behold. To support the expansion of six-speed automatic transmissions in West Virginia, Toyota expects to create 40 new jobs, bringing the plant's total employment to approximately 1,100.
Toyota Motor Manufacturing West Virginia, however, is not expected to meet a capacity of some 400,000 units alone. Bodine Aluminum facilities in Jackson, Tennessee and Troy Missouri are also planning to expand their capacity to support Toyota's impressive goal. Specifically, the two Bodine Aluminum facilities will be responsible for providing transmission cases and housing parts to the West Virginia facility.
Bodine's joint venture with Toyota represents a more modest investment of $8.4 million. Nevertheless, it will increase their capacity by over 320,000 units annually and create 20 new jobs in addition to the 40 new jobs created by Toyota.
Stay tuned for more details surrounding Toyota's growth strategy. Toyota of North Charlotte is here to keep you informed.[INFO] http://manufacturing.automotive-business-review.com/news/toyota-to-expand-production-at-west-virginia-plant-280211