S&P 500
7,518.00
+0.06%
Dow Jones
52,331.70
+0.01%
Nasdaq 100
29,116.20
+0.29%
Russell 2000
2,967.29
+0.19%
FTSE 100
10,734.40
+0.10%
Nikkei 225
67,013.70
+1.02%

Investing

Toyota to Expand Indiana Plant (TM)

Photo of Paul Ausick
By Paul Ausick Published

Toyota Motor Corp. (NYSE: TM) will spend $400 million to expand its assembly plant in Princeton, Indiana, to build 50,000 more of the company’s Highlander SUV. Toyota is responding to the strong value of the yen versus the US dollar, and plans to export some of the vehicles to take advantage of the favorable exchange rate.

The expansion is expected to create about 400 jobs at the plant, as well as more jobs for companies that will supply parts for the vehicles.

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Toyota Warns US Workers: Build Camry for Less, or Else
Paul Ausick |

Toyota Warns US Workers: Build Camry for Less, or Else

Toyota has told workers at its Georgetown, Kentucky, plant that they need to reduce costs or face the possibility of…

Douglas A. McIntyre |

Toyota Has Plenty Of Friends In Mississippi But Few Elsewhere

Toyota Motor Corp.  (NYSE: TM), whose already bruised reputation suffered another blow yesterday following yet another media report about a…

See the 15 Most American SUVs Today
David Beren |

See the 15 Most American SUVs Today

Many people take the saying “Made in America” seriously for all the right reasons. There are definitely good reasons only…

Trey Thoelcke |

Toyota Faces Another Recall and a Production Disruption

Toyota has experienced something of a double whammy Monday: its second recall in a week and a weather-related disruption of…

Douglas A. McIntyre |

Toyota Quickens It Pace (TM)(GM)

Like a champion marathon runner trying to put more distance between himself and his pursuers, Toyota is planning to streamline…

Toyota’s Japan Production Halted by Earthquake
Paul Ausick |

Toyota’s Japan Production Halted by Earthquake

The deadly earthquake that hit Japan's northern island of Hokkaido has led to the closure of all Toyota auto plants…

Toyota, Fuel Cell Energy Hydrogen Plant Going Up in Long Beach
Paul Ausick |

Toyota, Fuel Cell Energy Hydrogen Plant Going Up in Long Beach

Toyota and Fuel Cell Energy are building a fuel cell power generation plant at Toyota's facilities at the Port of…

Douglas A. McIntyre |

Toyota Delays US Prius Plant — Until 2016 (TM, HMC, TSLA, F)

Back in 2008, when gasoline pump prices were on a steady march to $4/gallon, the Prius hybrid electric car from…

Douglas A. McIntyre |

GM’s Empty Challenge (GM)(TM)

GM says that the spot as the world’s largest car maker is worth fighting for, just as Toyota is about…

Top Gaining Stocks

Super Micro Computer
SMCI • Vol: 163,012,885
Westinghouse Air Brake Technologies
WAB • Vol: 3,262,679
Dell Technologies
DELL • Vol: 7,215,048
EQT
EQT • Vol: 17,854,877
NRG Energy
NRG • Vol: 2,614,870

Top Losing Stocks

GE Vernova
GEV • Vol: 4,903,748
Coterra Energy
CTRA • Vol: 73,319,495
ServiceNow
NOW • Vol: 43,600,909
PTC
PTC • Vol: 2,206,283
Workday
WDAY • Vol: 4,279,363