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Toyota recently announced a massive $1.33 billion investment for Toyota Motor Manufacturing, Kentucky, Inc. (TMMK). The motion marks the highest investment of any automaker in Kentucky and the second-largest in state history. TMMK will undergo renovations in order to incorporate Toyota’s New Global Architecture (TNGA) into future models, including the 2018 Camry.
The investment comes as part of a larger initiative for the automaker.
?This $1.33 billion investment is part of Toyota?s plan to invest $10 billion dollars in the U.S. over the next five years, on top of the nearly $22 billion Toyota has invested in the U.S. over the past 60 years,? said Jim Lentz, Chief Executive Officer, Toyota Motor North America. Stronger Foundations
TNGA is Toyota’s new vision for designing, engineering, and manufacturing vehicles. This allows for a shorter development cycle and a more streamlined process when it comes to introducing vehicle improvements. It also creates a more versatile production environment, allowing Toyota Kentucky to build vehicles that better match consumer demands. TNGA builds upon Toyota’s desire for a well balanced automobile, one that combines safety with energetic driving dynamics.
“It will improve performance of all models, including increased fuel efficiency, more responsive handling, and a more stable, comfortable feel while driving,” Lentz said.
TMMK is the first vehicle ass...