Purpose

I will try my best to provide detailed info on various cars and what is like to live with them, I have already produced a few for Jaguar-car-forums, I will do my best to be unbiased, but it will be hard for some cars. I will re-produce press releases and copy from other motoring news.
Showing posts with label $1.33 Billion Investment. Show all posts
Showing posts with label $1.33 Billion Investment. Show all posts

Sunday, 16 July 2017

USA - Toyota launches the new 2018 Camry, making this the best car they have produced under that name.

  • Team members join in celebrating new vehicle that sets benchmark for mid-size sedan segment

Chad Lindon has worked at Toyota in Georgetown, Ky., for 22 years and said the 2018 Camry is the most exciting vehicle launch he’s seen, and for good reason.

“The 2018 Camry takes it to another level,” said Lindon, a Powertrain production team member. “It catches the eye. It has more horsepower, better fuel economy, and new technology that customers want. That all adds up to more job security and stability for my family.”


The excitement that has been building for months peaks today inside Toyota Motor Manufacturing, Kentucky, Inc., (TMMK) as team members celebrate the launch of production of the 2018 Camry. The automaker is upping the ante by crafting an ever-better Camry that boasts an exhilarating design, refined interior, stirring driving performance, cutting-edge safety and technology, and class-leading fuel efficiency.

Lindon and co-worker Maigen Layne can’t wait to see the new models on the road. Layne, a five-year team member who works as a safety team leader in bodyweld, says “it’s the best one so far,” and plans to make it her next car. “I’m proud to work on the best-selling car in America for 15 years running. I test drove one of the first 2018 models off the line and I know it will be a big hit.”


The 2018 Camry will set the benchmark in the mid-size sedan segment. It is the first vehicle in North America designed and manufactured with Toyota New Global Architecture (TNGA), a completely new strategy to the way the company designs, engineers, and manufactures its vehicles. TNGA will improve performance of all models, including increased fuel efficiency, more responsive handling, and a more stable, comfortable feel while driving.
“The launch of the next-generation Camry is important for Toyota in America, and expands the company’s footprint in and commitment to Kentucky,” said Wil James, president, TMMK. “We are proud to be the first in North America to produce a vehicle with TNGA. It’s a testament to the skill and dedication of our team members.”
The next-generation Camry has a sleeker profile that offers improved aerodynamics, a lower center of gravity, and a more rigid body, allowing for a more comfortable and stable ride. In addition, engineers incorporated a number of new noise, vibration and harshness (NVH) countermeasures that were previously found exclusively on luxury models such as sound-absorbing insulation in the hood and upper and lower fender separator, as well as foam/vibration dampening materials throughout the vehicle. The driver-focused design also features the highest grade of soft touch and premium materials on all surfaces of the cabin – dashboard, instrument panel, center console, door trim, etc. Vehicles will begin arriving at dealers in late summer.
TMMK recently hired more than 700 people to support the launch of the new Camry, bringing the number of team members to an all-time high of over 8,000. The largest Toyota plant in the world, TMMK has produced more than 11 million vehicles in its 31 years, including more than 8 million Camrys.
Earlier this year, Toyota announced a $1.33 billion investment at TMMK for TNGA improvements and other makeovers that will modernize and streamline the production process. TNGA allows for a more flexible production environment, which will allow Toyota Kentucky to build ever-better cars and respond quicker and more capably to customer demands down the road. Since 1986, the plant represents a $7 billion investment. Across the U.S., Toyota is investing $10 billion over the next five years, adding to the nearly $22 billion the automaker has invested in the past 60 years. 
Last year, TMMK produced more than 500,000 Camry, Camry Hybrid, Avalon, Avalon Hybrid, and Lexus ES 350 vehicles, which represents nearly a quarter of the total number of Toyota vehicles produced in North America. A recent study by the Center for Automotive Research shows Toyota Kentucky supports nearly 30,000 jobs across the states (direct, indirect, and spin-off). TMMK employees live in 80 Kentucky counties, and currently Toyota has more than 100 suppliers located across the Commonwealth.

Friday, 21 April 2017

Toyota cements it's place in the US with a $1.33 Billion plant investment in Kentucky.

  • Investment for next generation vehicle production to drive the future of mobility
  • The company’s largest plant, with more than 8,200 team members, solidifies its commitment to U.S. manufacturing

The future of automobile production is now. A $1.33 billion investment- the highest of any automaker in Kentucky and the second-largest in state history- will make Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) the first plant in North America to begin producing vehicles using Toyota New Global Architecture (TNGA). 

Named the “Most American Made” car by Cars.com and the number one selling car in America for the past 15 years, the Camry, from the 2018 model year, will become the first Toyota vehicle made in the U.S. to fully incorporate the new vehicle development and production technology. 

“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, CEO of Toyota Motor North America. “Toyota New Global Architecture is about exciting, ever-better vehicles for our customers as it will improve performance of all models, including increased fuel efficiency, more responsive handling, and a more stable, comfortable feel while driving.”



TNGA represents a completely new strategy to the way the company designs, engineers, and manufactures its vehicles. In addition, it will shorten the development cycle for vehicle improvements and new vehicles. TNGA retains all of Toyota’s traditional values of exceptional build quality and safety while injecting a fun driving experience with more responsive handling, regardless of the model. It also allows for a more flexible production environment, which will allow Toyota Kentucky to build ever-better cars, and respond quicker and more capably to customer demands down the road.



In addition to TNGA improvements, TMMK will undergo other makeovers that will, together, modernize and streamline the production process. That includes updating equipment and construction of an all-new paint shop.



“This is the largest investment in our plant’s history and it speaks directly to the quality of our people and our products, as well as the partnerships we’ve forged in the local community and across the state,” said Wil James, president, Toyota Motor Manufacturing, Kentucky, Inc. (TMMK). “This major overhaul will enable the plant to stay flexible and competitive, further cementing our presence in Kentucky.”



Toyota Kentucky is the automaker’s largest plant in the world, employing 8,200 team members. This represents an all-time high after recently adding over 700 people to support the upcoming launch of the 2018 Camry.  Last year, TMMK produced nearly a quarter of the total number of Toyota vehicles produced in North America – over 500,000. In total, the plant has produced more than one-third – 11 million – of all Toyota vehicles manufactured in North America since 1986.



Today’s announcement adds to the $530 million investment the plant committed to in 2013, in part to support Lexus production. This brings Toyota Kentucky’s investment in the last four years to approximately $1.86 billion. 



“Toyota’s decision to invest $1.3 billion in their Kentucky plant is further evidence that manufacturers are now confident that the economic climate has greatly improved under my administration and echoes the recent National Association of Manufacturers' 2017 Outlook Survey showing that 93% of manufacturers are now optimistic, which is an increase of 37% from just a few months ago." - President Donald J. Trump



“Toyota is a global icon. This $1.33 billion investment is further proof of their commitment to producing American-made cars that are among the finest quality found anywhere in the world,” said Governor Matt Bevin. “It also serves as a testament to the hard work and dedication of the plant’s current employees, and reaffirms Toyota’s confidence in the advantages of manufacturing in Kentucky. We are grateful that this significant investment further validates the fact that Kentucky is the engineering and manufacturing hub of excellence in America.”



"Today’s announcement is welcome news for Kentucky’s economy and our workforce,” Senator Mitch McConnell said. “For more than 30 years, Toyota has been committed to the Commonwealth, and today’s investment is further proof that the company maintains its pledge to grow our economy and solidify Kentucky as a world-class automotive state. I want to congratulate the Toyota team, especially its thousands of hard-working Kentuckians.”



A recent study by the Center for Automotive Research shows Toyota Kentucky supports nearly 30,000 jobs across the state (direct, indirect, and spin-off). TMMK employees live in 80 Kentucky counties, and currently Toyota has more than 100 suppliers located across the Commonwealth.



“Toyota is a great asset to Kentucky and the decision to continue its commitment to Kentucky jobs by investing in the Georgetown plant is wonderful news for the Commonwealth and a reflection of its confidence in Kentucky as a prime location for business growth and innovation,” said Senator Rand Paul.  “I congratulate Toyota on this new initiative, and look forward to continuing my efforts in Congress to promote business-friendly policies to ensure Kentucky continues to reap the benefits of economic growth and expansion as a result of these types of investments.”



“This major investment further solidifies Toyota’s long-term commitment to its Kentucky plant,” said Secretary Terry Gill of the Kentucky Cabinet for Economic Development. “Its ripple effects will add to Toyota’s three decades of transformative impact on our communities and for our residents across the Commonwealth. Additionally, this strengthens Kentucky’s status as a top state for auto manufacturing.”



A community effort



With the next chapter for the plant a bright one, Toyota is giving back to Scott County to help drive economic development efforts for the community. Three properties at Lanes Run Business Park, totaling nearly 22-acres, as well as $1 million for future land purchases, are being donated to further advance the vision for the area. Additionally, Toyota is committing $2 million over the next 10 years to Scott County United to go toward economic development initiatives that will benefit the community and region.