FRANKFORT, Ky. — Toyota Motor Manufacturing is celebrating 40 years of manufacturing in Kentucky with an $800 million investment, according to a news release.
What You Need To Know
Toyota is investing $800 million in its Georgetown plant as it marks 40 years of manufacturing in the commonwealth
The money will help prepare the plant for a second battery-electric vehicle and boost Camry and RAV4 production
Toyota is also donating $4.4 million to local schools and Eastern Kentucky University to support future workers
This move is part of Toyota’s larger plan to invest up to $10 billion in U.S. manufacturing over the next five years
Gov. Andy Beshear, D-Ky., and local leaders announced Monday that the funds would go toward preparing Toyota’s Georgetown plant for its second battery electric vehicle.
To foster the future workforce and U.S. manufacturing, Toyota is also donating $4.4 million to Fayette and Scott County Schools and Eastern Kentucky University, the news release said.
“Kentucky changed for the better 40 years ago when Toyota chose to make Georgetown its New Kentucky Home, and I am proud to say that partnership remains strong with the company’s investment of $800 million at this site and the additional $4.4 million going toward our future workforce,” Beshear said. “Toyota Motor Manufacturing Kentucky is Toyota’s largest vehicle manufacturing plant in the world, producing over 15 million vehicles since its doors opened and benefiting Kentuckians through good jobs and a strong economy. Today, we’re building on that success to ensure the future remains bright for this company and our commonwealth.”
The release said the announcement is part of the company’s commitment to invest up to $10 billion in U.S. manufacturing over the next five years.
Toyota aims to expand its “multipath approach to electrification” by investing in its second battery electric vehicle at the Georgetown plant,” the release said. This will also enable the plant to increase production of the Camry and RAV4.
“At Toyota, manufacturing has always been about more than building vehicles. It’s about investing in people and our communities,” said Kerry Creech, president of Toyota Kentucky. “For 40 years, we’ve been proud to call Kentucky home. That pride comes from our incredible team members – and from the strong partnerships we’ve built across this great state. Together, they’re the reason we’ve succeeded and continue to grow.”
This follows a $1.3 billion investment announced in February 2024, which the company said last month will support the 2027 electric Highlander.
