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.
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
The latest plan
represents Toyotas ninth manufacturing investment in
North America over the past two years, now totaling more than
$2 billion, it said.