Toyota to add 400 jobs, sink $600M into Indiana SUV factory
PRINCETON, Ind. — Toyota says it will add 400 jobs and invest $600 million at a southern Indiana SUV factory.
The announcement Tuesday comes just after President Donald Trump met with CEOs of the Detroit automakers to demand that new factories be built in the U.S. Toyota says the investment was planned before the election, and not related to Trump.
The company says the jobs will be added in Princeton, Indiana, where it makes the Highlander SUV.
Highlander sales in the U.S. were up more than 20 percent last year to just over 191,000.
The factory will be able to build 40,000 more Highlanders per year when the expansion is finished in the fall of 2019.
Toyota says it will invest $10 billion in the U.S. over the next five years.