Wednesday, April 28, 2021 – Princeton, Indiana: Toyota announced an $803 million investment at its Princeton, Indiana auto-manufacturing plant is in preparation to introduce two, all-new yet-to-be-named vehicles to its current line-up, one being a Toyota and the second a Lexus. This investment and product diversification will also add approximately 1,400 new jobs at Toyota Indiana.
The 1,400 new employees will join a robust and dynamic workforce which has more than 7,000 working at the manufacturing center.
Toyota Motor Manufacturing Indiana currently assembles the all-hybrid Sienna minivan, Highlander/Highlander Hybrid SUV and Sequoia full-size SUV. Later this year, Sequoia production will move to Toyota Motor Manufacturing, Texas in San Antonio as the company continues to improve the operational speed, competitiveness and transformation at its North American vehicle assembly plants based on platforms and common architectures.
The $803 million investment will be used to prepare the manufacturing line for the new vehicles, production-employee training, as well as provide supplier re-tooling at their facilities. Since the first Tundra – the original Toyota Motor Manufacturing Indiana vehicle – rolled off the production line in 1998, Toyota’s total investment in the Princeton site is $6.6 billion. The plant has the capacity to assemble more than 420,000 vehicles annually.
