Toyota Motor Corporation (TM, Financial) has announced an additional $88 million investment in its West Virginia plant, enhancing its commitment to U.S. production amid increased tariffs on imported cars and parts. This investment will bring the plant's total to over $2.8 billion, securing long-term employment for its more than 2,000 workers.
The investment will fund a new assembly line for hybrid transaxles, a key component for Toyota and Lexus vehicles, with production expected to begin in the latter half of 2026. David Rosier, President of Toyota West Virginia, emphasized that this move underscores Toyota's strategy of building where it sells, reflecting confidence in its workforce.
Toyota has a significant presence in the U.S., with nearly 50,000 employees across 11 plants, including a joint venture with Mazda in Alabama. Since 2018, Toyota has invested $25 billion in U.S. manufacturing and an additional $28.5 billion in its supplier network.
West Virginia Governor Patrick Morrisey praised the investment, highlighting the plant's unique role in producing complex machinery and the state's focus on economic development and skilled job creation.
