Toyota Motor Corp. said today it would invest about $80 million to expand its Huntsville, Ala., engine plant to produce more V6 engines for the U.S. market.
The automaker, in a statement, said a new 300,000-square-foot building -- set to start production in March 2014 -- will allow its Alabama unit to produce an additional 216,000 V6 engines per year, increasing its capacity by 148 percent and allowing it to produce over 362,000 per year.
The Huntsville Plant currently assembles 700,000 4-cylinder, V6 and V8 engines annually for eight Toyota North American-built vehicles, according to the company.
The expansion will increase total engine production capacity at the plant to 916,000 per year and to 1.4 million per year for all U.S. operations. Toyota also builds engines in Kentucky and West Virginia.
Toyota said the expansion would create about 125 new jobs, increasing the plant’s work force to 1,150 people. Furthermore, it increases the total amount of funds Toyota has invested in the plant to over $700 million since it opened in 2003.
Steve St. Angelo, executive vice president of Toyota Motor Engineering & Manufacturing North America, said in a statement: “This V6 line addition continues to reflect our growing optimism for an improving North American market, and we continue to study more localization in North America.”