REFILE-Toyota to invest $102 mln to boost transmission output in U.S.
DETROIT Aug 30 (Reuters) - Toyota Motor Corp said on Friday it will invest $102 million at its West Virginia engine and transmission plant and aluminum casting factories in Missouri and Tennessee to boost production.
The Japanese automaker said it will invest $90 million at the Buffalo, West Virginia, plant to increase 6-speed automatic transmission production by almost 50 percent starting in early 2015.
The rest of the investment will be spent at aluminum casting facilities in Troy, Missouri, and Jackson, Tennessee, to provide transmission cases and housing parts to the West Virginia plant, Toyota said.
The project will create more than 100 jobs, the company said.
The West Virginia plant currently builds more than 500,000 transmissions annually; the expansion will boost that to 740,000 per year, Toyota said. The plant employs 1,300 people and builds transmissions for the Toyota Avalon, Camry, Highlander, Sienna and Venza, and Lexus RX350 vehicles.
- Atheists face death in 13 countries, global discrimination: study
- South Africa admits mistake over 'schizophrenic' Mandela signer |
- Pope attacks mega-salaries and wealth gap in peace message
- Missouri executes man for killing good Samaritan motorist in 1994
- Thai military chief rebuffs meeting request in blow to protesters |