Toyota group to build parts factory in Mississippi
A subsidiary of growing Japanese auto giant Toyota Motor said Thursday it will build a nearly 200 million-dollar parts factory in the southern US state of Mississippi.
By Agencies |
TOKYO: A subsidiary of growing Japanese auto giant Toyota Motor said Thursday it will build a nearly 200 million-dollar parts factory in the southern US state of Mississippi.
Toyota Auto Body will establish Auto Parts Manufacturing Mississippi Inc. in August, hiring 260 people. The factory is expected to come online in 2010 to produce metal and resin parts, the parts maker said in a statement.
The company will make an initial investment of 22 billion yen (183 million dollars) in the new factory, which will operate near a Toyota assembly plant now under construction in the village of Blue Springs.
Toyota Motor Corp. is in neck-and-neck competition with General Motors to be the biggest auto maker in the world.
Toyota has found a profitable base in the United States, where customers have embraced the eco-friendly hybrids pioneered by Japanese automakers.
Toyota has increasingly aimed to shift more production in the United States in a bid to prevent any protectionist backlash of the type seen in the 1980s.
The Blue Springs auto production plant will be Toyota's eighth in North America.
Toyota Auto Body will establish Auto Parts Manufacturing Mississippi Inc. in August, hiring 260 people. The factory is expected to come online in 2010 to produce metal and resin parts, the parts maker said in a statement.
The company will make an initial investment of 22 billion yen (183 million dollars) in the new factory, which will operate near a Toyota assembly plant now under construction in the village of Blue Springs.
Toyota Motor Corp. is in neck-and-neck competition with General Motors to be the biggest auto maker in the world.
Toyota has found a profitable base in the United States, where customers have embraced the eco-friendly hybrids pioneered by Japanese automakers.
Toyota has increasingly aimed to shift more production in the United States in a bid to prevent any protectionist backlash of the type seen in the 1980s.
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The Blue Springs auto production plant will be Toyota's eighth in North America.
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