Money in FocUs
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports
No Result
View All Result
Money in FocUs
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports
No Result
View All Result
Money in FocUs
No Result
View All Result
Home Autos

A Fresh Coat: Toyota Kentucky Invests $922 Million to Build Advanced Paint Facility

Company remains committed to reinvesting in U.S. manufacturing operations, environmental sustainability and stable employment

Newsroom by Newsroom
12/16/2024
in Autos, Economy & Politics
TMMK_1212Investment_Hero_RESIZED
Share on FacebookShare on Twitter

Transformation continues at Toyota Kentucky with a $922 million investment to build a new advanced paint facility and further support electrification efforts. The facility is designed to improve operational efficiencies, reduce environmental impacts, and enhance the quality of vehicle finishes.

You might also like

Honda halts its investment in electric vehicles, impacting jobs in the Canadian automotive industry

Bankers Fear Economic Recession May Be Imminent

Bolttech and Sumitomo Corporation announce strategic partnership

Scheduled to open in 2027, the facility will add 1 million square-feet of capacity while decreasing carbon emissions by 30 percent and water usage by 1.5 million gallons per year. The project further supports plant efforts to increase flexibility for future vehicle production and moves Toyota forward in its goal to achieve zero carbon emissions by 2050

The initiative builds on the company’s latest paint technologies to reduce production lead time, improve process accuracy and offer more diverse color options that helps Toyota vehicles stand out.

“Not only will our customers get the dynamic and stylish exterior finishes they love, but Toyota’s commitment to advanced paint technologies goes beyond aesthetics,” said Kerry Creech, president of Toyota Kentucky. “It encompasses efficiency, sustainability and quality, leading the industry in environmentally responsible manufacturing.”

This news follows a $1.3 billion investment announced earlier this year at the Georgetown site to bring assembly of an all-new, three-row battery electric SUV to the U.S. market in 2026. Toyota’s investment in Kentucky reaches more than $11 billion since breaking ground in 1986, underscoring the automaker’s promise of stable employment.

“This year alone more than $2 billion is being reinvested in this plant,” said Creech. “As the company and industry evolves, we remain committed to putting our team members first, ensuring long-term job security.”  

With approximately 10,000 employees, Toyota Kentucky is a thriving operation responsible for assembly of some of the most popular nameplates in the entire Toyota lineup, including the Camry Hybrid and RAV4 Hybrid.  

“Kentucky and Toyota have formed a winning partnership over the past 40 years that has been transformational for families throughout the commonwealth, and this latest investment builds on that tradition of success. Thank you to the leaders at Toyota for once again investing in Kentucky and our incredible workforce,” said Kentucky Governor Andy Beshear.

Since 2020, Toyota has announced new investments of more than $20 billion into its U.S. manufacturing operations to support electrification efforts. Increasing BEV production in the U.S. advances Toyota’s portfolio approach to electrification.

Related

Share30Tweet19
Newsroom

Newsroom

Money In Focus Editor - Your daily chanel about economics, business and politics for better decision making.

Recommended For You

Honda halts its investment in electric vehicles, impacting jobs in the Canadian automotive industry

by Newsroom
05/14/2025
Honda halts its investment in electric vehicles, impacting jobs in the Canadian automotive industry

Honda has decided to halt a $15 billion electric vehicle supply chain in Ontario, impacting numerous Canadian automotive workers. According to Lana Payne, national president of Unifo -...

Read moreDetails

Bankers Fear Economic Recession May Be Imminent

by Newsroom
05/12/2025
Bankers Fear Economic Recession May Be Imminent

Interest rate uncertainty, credit quality and tariffs top concerns Nearly three-quarters of bankers said the U.S. is either already in a recession or will enter one within the...

Read moreDetails

Bolttech and Sumitomo Corporation announce strategic partnership

by Newsroom
05/12/2025
Bolttech and Sumitomo Corporation announce strategic partnership

Bolttech, the fast-growing global insurtech, today announced its partnership with Sumitomo Corporation, one of Japan's largest trading houses. The two companies will enter a joint venture to deliver technology-enabled embedded solutions...

Read moreDetails

Harley-Davidson® And Motogp™ Announce New Global Racing Series Launching In 2026

by Newsroom
05/11/2025
Harley-Davidson® And Motogp™ Announce New Global Racing Series Launching In 2026

Harley-Davidson(NYSE:HOG) and MotoGP are launching a new global racing championship featuring Harley-Davidson bagger motorcycles, debuting in 2026. The twelve-race series will race at six Grands Prix across Europe and North America,...

Read moreDetails

The Walt Disney Company and Miral Announce Plans for Disney Theme Park and Resort on Yas Island, Abu Dhabi

by Newsroom
05/11/2025
The Walt Disney Company and Miral Announce Plans for Disney Theme Park and Resort on Yas Island, Abu Dhabi

The Walt Disney Company (NYSE: DIS) and Miral, Abu Dhabi's leading creator of immersive destinations and experiences, announced an agreement to create a landmark Disney theme park resort in Abu Dhabi, United...

Read moreDetails
Next Post
Chase-Travel (1)

A Trip of a Lifetime – Chase Travel to Give Away 10 Million Points in Celebration of 25 Trips to Take In 2025

seven_frontA_highres (1) (1)

Introducing Seven Acres Escape: The Pinnacle of Luxury and the Most Anticipated A-Frame Vacation Rental in the Country, Opening Late 2024

The-202425-Cloud-Awards (1)

The 2024/25 Cloud Awards Finalists Confirmed

Related News

Blue Bear Capital Closes Third Fund, Adding $200 Million to Platform for Machine Intelligence Investments into Energy, Infrastructure, and Climate Industries

Blue Bear Capital Closes Third Fund, Adding $200 Million to Platform for Machine Intelligence Investments into Energy, Infrastructure, and Climate Industries

11/21/2024
residential-investment-loans asset-based-loans

How Residential Investment Loans And Asset-Based Loans work

01/15/2025
expenses-emergency-Empower-research

37% of Americans can’t afford an emergency expense over $400, according to Empower research

07/13/2024

Browse by Category

  • Arts & Entertainment
  • Autos
  • Business
  • Economy & Politics
  • Education
  • Foods & Drinks
  • Health & Lifestyle
  • Science & Tech
  • Sem categoria
  • Sports
  • Tourism
  • Weather
Logo Money in Focus
Instagram Linkedin Facebook X-twitter Pinterest Youtube Tiktok
  • ABOUT
  • CONTACT
  • DISCLAIMER
  • PRIVACY POLICY
  • TERMS AND CONDITIONS

© 2024 Money in Focus – All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Economy & Politics
  • Health & Lifestyle
  • Science & Tech
  • Arts & Entertainment
  • Tourism
  • Foods & Drinks
  • Autos
  • Education
  • Sports

© 2024 Money in Focus - All rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?