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Benzinga
Benzinga
Business
Shivani Kumaresan

Toyota Adds New Jobs As EV Production Kicks Into High Gear

Toyota TM Georgetown (Geopolitical Entity) North America NYSE Toyota Motor Corp Kentucky
  • Toyota Motor Corp (NYSE:TM) said its North America division plans to boost electric vehicles production by adding 220 new positions to its Production Engineering Division.
  • The new positions will serve as the go-between for design and manufacturing. The new jobs will be located in Georgetown and across Toyota's other manufacturing facilities in North America. 
  • In 2021, the automaker announced new investments totaling $5.1 billion into its U.S. manufacturing operations to support electrification efforts. 
  • Toyota's Production Engineering and Manufacturing Center in Georgetown, Kentucky, is the headquarters for Production Engineering.
  • Toyota plans to expand its global portfolio of electrified vehicles to 70 by 2025.
  • Price Action: TM shares are trading lower by 0.96% at $174.83 on the last check Thursday.
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