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Updated almost 3 years ago,

User Stats

82
Posts
72
Votes
Steve Stinson
Agent
  • Real Estate Agent
  • Huntsville, AL
72
Votes |
82
Posts

Toyota announces $222 million investment in Huntsville, AL

Steve Stinson
Agent
  • Real Estate Agent
  • Huntsville, AL
Posted

April 20, 2022/in Automotive, Engineering, Featured, Lead, Manufacturing, News/by Noah Logan

Toyota Manufacturing is again emphasizing the importance of its Huntsville plant for their plans to develop and build the cars of future.

On Tuesday morning, executives from Toyota gathered at the Chamber of Commerce, along with Huntsville city leaders, to announce new funding totaling $383 million being invested across four manufacturing plants across America. Of that total, the Huntsville Toyota facility is receiving $222 million, almost 60 percent of the entire investment. The remaining funds are being invested in Toyota plants in Kentucky, Missouri and Tennessee.

This new investment will help the Huntsville plant develop a new four-cylinder production line with the capacity to produce engines that will suit combustion and hybrid electric powertrains. Due to this investment, the facility will expand its total footprint by 114,000 square feet. This is the sixth building expansion since 2003 and brings the total Toyota Alabama investment to nearly $1.6 billion. The new line of engines is scheduled to be in production by Fall of 2023.

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  • Steve Stinson
  • 256-652-2316
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Steve Stinson, Broker Associate, Keller Williams Realty - Huntsville
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