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April 16, 2003
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This Week:

• Concept Lab Volvo Gives 2003 New York Auto Show-Goers a Glimpse Into the Future

• V-Series Signals New Era Of Cadillac Performance

• Chrysler Redefines the Classic American Automobile with Worldwide Reveal of 300C Concept

• Saab To Add 9-2 Model To Its Product Line In 2004

• Ford Points To A Strong Future With New Escape Hybrid SUV

• Toyota Announces New Engine Block Plant In Jackson, Tennessee

• Nissan Opens 268,000 Square Foot Operations Center in Irving, Texas

• BMW, GM to Jointly Develop Liquid Hydrogen Refueling Technology

• Bold New Look For The Famous Jaguar Brand Announced At 2003 New York International Auto Show

• Mercedes-Benz Passenger Cars: Record High in the First Quarter 2003

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Toyota Announces New Engine Block Plant In Jackson, Tennessee
 

Casting Plant Will Supply Engine Production Facilities in North America Jackson, TN - Toyota announced that it has chosen a 200-acre site in Jackson, Tennessee to build a die-casting plant to make aluminum engine blocks. The Tennessee facility, a wholly owned subsidiary of Toyota Motor Manufacturing North America, Inc. will be the third plant of Bodine Aluminum, Inc., Toyota's Missouri-based aluminum block die-casting unit. The Jackson facility, which will begin operations in 2005 and be expanded over several years, will eventually produce one million units annually; employ 200 team members and have an investment of $124 million.

Toyota currently has ten vehicle manufacturing and parts facilities in North America, and is building three more - in Huntsville, Alabama; Baja California, Mexico; and San Antonio, Texas.

By 2006, Toyota will have capacity to build 1.65 million cars and trucks a year and 1.16 million engines in North America. Toyota currently employs some 34,000 people throughout North America. The company's direct investment is nearly $14 billion with annual parts, materials, goods and services purchased from North American suppliers totaling nearly $20 billion. Toyota's North American-produced vehicles include the Avalon, Camry, Corolla, Matrix, Sienna, Solara, Sequoia, Tacoma and Tundra, and Voltz. Beginning in the fall of 2003, the Lexus RX 330 will be produced at the automaker's plant in Ontario, Toyota Motor Manufacturing Canada.

(March 28, 2003)