Toyota is going to increase production of the Highlander crossover in late 2014 with a $30 million investment in Princeton.
Toyota is going to increase production of the Highlander crossover in late 2014 with a $30 million investment in Princeton. The project will create more than 200 new jobs at Toyota’s plant in Indiana (TMMI), with new team members helping to increase production volume by 15,000 units.
“This capacity increaseis to meet growing demand for the Highlander and is a part of our strategy to build vehicles where we sell them,” said TMMI President Norm Bafunno. “We appreciate our loyal customers who value the quality products our dedicated team members build in Princeton, and we’re excited to build even more Highlanders.”
TMMI currently employs 4,500 team members and builds the Highlander, Sequoia full-size SUV and Sienna minivan. Current production capacity is 300,000 vehicles and will increase to 350,000 later this year as announced in February 2012. Today’s news raises TMMI’s annual capacity to 365,000 vehicles by late 2014.