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Toyota to add 400 Indiana jobs
Bloomberg
Jan. 24, 2017 3:56 pm
Toyota will invest $600 million and add 400 jobs at an assembly plant in Princeton, Ind., weeks after Donald Trump criticized Japan's largest automaker for its plan to open a plant in Mexico.
The investment is part of a $10 billion spending plan over the next five years that the carmaker announced earlier this month to expand and modernize its U.S. factories, according to a company statement.
The expansion in Indiana will boost production of the Highlander, Toyota's second-best-selling sport utility vehicle in the United States, by 40,000 units a year. The plant currently employs 5,100 workers.
'This expansion project is part of Toyota's localization strategy to build vehicles where they are sold,” the company said Tuesday in its statement, which didn't mention the president by name.
During his campaign, Trump criticized Ford's plans to shift small-car production to Mexico. Since winning the election, he's attacked General Motors, BMW and Toyota by name for building cars or new factories south of the border and importing them into the United States.
In his call-out of Toyota on Jan. 5, Trump seized on plans Toyota had announced 20 months earlier to build a Mexico factory, which will supplement existing production of the model in Mississippi. Trump said in a tweet that Toyota should build the plant in the United States or pay a 'big border tax.”
FILE PHOTO - Akio Toyoda, president of Toyota Motor Corporation, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January 9, 2017. Picture taken January 9, 2017. REUTERS/Mark Blinch/File Photo