by Tiffiny Ruegner | April 10, 2017 11:55 am
Let’s face it… the media will NOT support President Trump when things are going well for our nation. Especially, if it’s something that is a result of President Trump’s policies. This new revelation is no exception…
Recently, Automobile manufacturer Toyota announced a major investment in a plant in Georgetown, Kentucky of about $1.33 billion. This plant will be the first to produce vehicles using a process initiated to speed up a car model’s development cycle. This design and manufacturing process is called: Toyota New Global Architecture.
CEO Jim Lentz is over Toyota Motor of North America said, “This $1.33 billion investment is part of Toyota’s plan to invest $10 billion dollars in the U.S. over the next five years, on top of the nearly $22 billion Toyota has invested in the U.S. over the past 60 years. Toyota New Global Architecture is about exciting, ever-better vehicles for our customers as it will improve performance of all models.”
The plant in Georgetown is Toyota’s largest in the world, with over 8,000 employees. It produced 500,000 vehicles last year which is 25 percent of all Toyota models sold in North America. They manufacture the Toyota Camry model and Lexus models – nice.
Kentucky Governor, Matt Bevin remarked, “Toyota is a global icon. This $1.33 billion investment is further proof of their commitment to producing American-made cars that are among the finest quality found anywhere in the world. It also serves as a testament to the hard work and dedication of the plant’s current employees, and reaffirms Toyota’s confidence in the advantages of manufacturing in Kentucky.”
The company announced in January a $600 million investment at its Princeton, Indiana plant and the creation of 600 new jobs. This is all part of its strategy to “build vehicles where they are sold.”
Remember when President Trump was elected and Ford announced cancelling their plans to grow in Mexico? Instead, they are investing $700 million in Michigan and this move is going to create a whopping 700 new jobs.
CEO of Ford, Mark Field released a statement. He said the investment is a “vote of confidence” in the positive pro-business that is being created by President-elect Donald Trump.
He also stressed to make it clear that Ford did not do any sort of special deal with Trump for this change to take place.
“We didn’t cut a deal with Trump. We did it for our business,” Fields told CNN’s Poppy Harlow in an exclusive interview Tuesday.
The money that they are investing is going to go to the Flat Rock, Michigan plant to produce more electric and self-driving cars, because Ford believes electric vehicles are going to outsell gas-powered vehicles within the next 15 years or so.
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