Toyota

kyforward.com

A one and a third billion dollar investment in Kentucky’s automotive industry is not changing a legislative leader’s mind about the need for broad tax reform. Toyota officials announced Monday plans to spend the funds over 5 years to revitalize design, engineering, and production at the Scott County plant.   


Toyota Investing $1.33 Billion in Georgetown Plant

Apr 10, 2017
Stu Johnson

UPDATED

Toyota’s announcement of a one and a third billion dollar investment at its Scott County plant is expected to have implications for decades.  Changes at the plant are expected to bring about an overhaul of designing, engineering, and production.


TMMK

Toyota’s plan to invest $10 billion in the U.S. over five years includes spending more than a billion dollars at the 

 Georgetown auto assembly plant.  The Japanese automaker executives reaffirmed that commitment during the North American International Auto Show in Detroit this week.  

 

Despite a drop in production and profits after the earthquake in Japan, Toyota Motor Company officials are optimistic about the automaker’s future. Toyota sales spokesperson Steve Curtis says the parts shortage that followed the earthquake has not been as long or severe as expected. Toyota profits dropped by 77 percent after the disaster, but Curtis says demand, at least in North America, remains high.

 

Early next month, workers at Georgetown’s Toyota plant will be back on a full-time schedule.  The flow of supplies from Japan are moving now after a spring earthquake and tsunami slowed distribution. The March earthquake and tsunami in Japan caused a break in the automotive company’s system for distributing parts.  The resulting shortage resulted in fewer hours on the job for employees at the Scott County Toyota Assembly Plant.