Big League Jobs: Toyota Announces Record Investment at Kentucky Plant
By Neil A. Carousso
Toyota announced it will invest $1.3 billion to revamp its Georgetown, Kentucky factory where its Camry sedans are manufactured. This investment means 8,200 American jobs will remain at Toyota’s largest plant where roughly one-fourth of all North American Toyota vehicles are built.
The automaker says this is Toyota’s biggest single investment in the U.S.
The factory upgrade in Kentucky comes as Toyota prepares to produce an improved 2018 Camry with new exterior and interior designs along with a new engine.
The Kentucky plant also assembles the Avalon and the Lexus ES 350.
Below is an updated list of the “big league jobs” announcements since Mr. Trump’s election. Roughly $110.2 billion in U.S. investments has been pledged with approximately 1,883,830 U.S. jobs being created that can be credited to President Trump’s pro-growth, pro-business policies.
1. Carrier: Keeping 1,100 American jobs instead of sending to Mexico
2. SoftBank CEO Masayoshi Son: Investing $50 billion to create 50,000 American jobs
3. Sprint: Bringing back 5,000 jobs to the U.S. that were sent overseas
4. OneWeb (new company): Creating 3,000 jobs in the U.S. (associated with Son’s guarantee)
5. Ford: Cancels $1.6 billion plant in Mexico, saving 3,500 American jobs. Creating new innovative center as an expansion of its Flat Rock, MI plant by investing $700 million in the U.S. and creating 700 American jobs
6. Qualcomm and Apple will invest in SoftBank’s new technology fund, SoftBank Vision Fund that is being used to create 50,000 American jobs.
7. Fiat Chrysler announces it would spend $1 billion on U.S. manufacturing, including modernizing plants in Michigan and Ohio, adding 2,000 new American jobs.
8. Toyota will spend $10 billion in U.S. capital investments and will expand its U.S. plants over the next five years.
9. Alibaba Chief Executive Jack Ma met with Trump to discuss the creation of 1 million American jobs, specifically focusing on small business growth.
10. Amazon will create 100,000 jobs in the first year and a half of the Trump Presidency.
11. Wal-Mart will create 10,000 jobs in the U.S. this year.
12. General Motors will invest $1 billion in its U.S. factories this year, moving some parts of production from Mexico to the United States that was previously handled by a supplier.
13. Toyota will add 400 American jobs to build more SUVs at an Indiana assembly plant.
14. Amgen will add 1,600 jobs.
15. Intel will invest $7 billion in innovation in an Arizona factory, creating 3,000 specialist positions and 10,000 support jobs.
16. Delta announces it will hire 25,000 jobs over the next 5 years.
17. Lockheed Martin will create 1,800 new jobs.
18. Exxon Mobil will invest $20 billion to create 35,000 temporary construction jobs and 12,000 high-wage permanent jobs.
19. Charter Communications will invest $25 billion in broadband infrastructure over the next four years to create 20,000 high-paying, highly beneficial American jobs.
20. Ford will invest $1.2 billion in Michigan, securing 3,700 American jobs and creating 130 jobs.
21. Toyota will invest $1.3 billion to revamp its Kentucky factory, saving 8,200 American jobs.
The Associated Press contributed to this report. Featured image of the 2018 Toyota Camry courtesy of Motor Trend.