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Benzinga

Business

Shivani Kumaresan

Toyota Makes $27M Investment In Long Beach Facility

TM Toyota Long Beach California Baja Chris Reynolds Guanajuato Mexico NYSE Toyota Motor Corp

Toyota Motor Corp (NYSE:TM) Toyota Motor North America will make a $27 million investment in its manufacturing plant in Long Beach, California, Toyota Auto Body Company (TABC).
The investment will equip TABC with the first coil-fed laser blanking line, expand blanking capability and increase capacity to cut 5.6 million blanks annually.
The added capabilities will enable TABC to better support Tacoma production at TMNA facilities in Baja, California, and Guanajuato, Mexico.
"Toyota's roots in California run deep," said Chris Reynolds, EVP, Corporate Resources, TMNA.
Price Action: TM shares are trading higher by 3.19% at $171.23 on the last check Wednesday.

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