CHICAGO Toyota Motor Engineering & Manufacturing North America Inc. plans to invest $200 million in its Alabama engine plant and Bodine Aluminum casting plants to boost machining capacity and parts production for V6 engines.
About $150 million will go to upgrade machining capabilities in a project expected to start up by July 2015. Toyota Alabama will hire about 125 people upon completing its current $80-million V6 engine assembly expansion by early 2014. Annual capacity will be nearly 750,000 engines.
Toyota Alabama assembles 4-cylinder, V6 and V8 engines for eight of 12 Toyota vehicles assembled in North America. Its the only Toyota plant anywhere that manufactures the three types of engines under one roof.
The automaker also will invest $50 million in its Bodine Aluminum subsidiary, creating 40 new jobs at its Troy, Mo., plant and 10 jobs in Jackson, Tenn., where Bodine makes cylinder heads and blocks for Toyota engine plants in Alabama, Kentucky and West Virginia.
The latest plan represents Toyotas ninth manufacturing investment in North America over the past two years, now totaling more than $2 billion, it said.