Toyota has just acquired an additional 134 acres of land in Alabama so that the engine manufacturing facility can be expanded. The expansion is to build V6 engines for the Highlander hybrid that will be built in Indiana and the Lexus RX hybrid that will be made in Canada. Indiana starts their production in fall of 2013 and the Canadian plant should be operational by the second quarter of 2014.The new engine line will be operational by spring of 2014, right in time to supply the Canadian Lexus plant.
The Huntsville facility currently produces four cylinder engines for the RAV4, Camry, Venza and Highlander. The plant also makes V6 and V8 engines for the Sequoia, Tundra and Tacoma trucks.
The Huntsville Town Council is leasing 134 acres of land to Toyota for one dollar a year. The land is valued at $6.7 million. After ten years, Toyota will have the option to purchase the property for two dollars but can continue to lease it if desired. Amongst other incentives being pursued, the city is asking Huntsville utilities to grant Toyota a $974,000 for development. Toyota has the option to buy 173 extra acres at $10,000 an acre. The automaker gets a discount from the $50,000 market rate.
Toyota is investing $88.3 million in the facility. This is the fourth expansion since the plant opened in 2003. When the new line is operational, it will have created 126 new jobs bringing a total of 1,150 employees to the plant. Once the project is complete, Toyota will have invested over $700 million into Huntsville.
Mayor Tommy Battle said, "Toyota has a $60 million economic impact on our community year in and year out."
The best thing is those jobs are not "do you want to super size that for a dollar more" type jobs. They are substantial jobs that someone can make a living at. MY cousin started at the plant they opened here in WV and is still working there today. He makes great money, and does really well for his family.
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You should have stopped by Vette. I live about 10 miles from the planet and every time I go by it, my Tundra purrs a little smoother. Toyota is one reason our economy is very strong here. My property values have increased the last few years. There is building going on non-stop in Huntsville and growing daily.
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Mid and southern states are leading the way their economic leadership, Right to Work laws. Imagine this deal being given by a northern rust belt state? Doubtful. Unions would howl at the injustice of it all, while the south cheers...and prospers.
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A new plant would be a great place to produce a 7.0L engine with 450 hp.
The domestics would probably require that kind of displacement to make that kind of power. After all both GM and Ford need 6.2 liters just to get over the 400 mark. I am sure Toyota could hit 450 and 450 in both categories if they were to just do a 6.2.
__________________ The fact that you are wearing a 'Tap-Out' T shirt and have, at some point in your life, sat down and watched a couple minutes of an MMA match does not make you an automatic badass. Now stop hogging the seated butterfly station, that's where I normally rest my towel and my water.
Last edited by eharri3; 10-19-2012 at 07:56 PM.
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