February 19, 2021
The Japanese automaker said it would boost capacity by 70,000 engines a year at the Buffalo, West Virginia plant—up from the nearly oneW million transmissions and engines it produces annually for vehicles assembled in North America.
The investment will increase assembly capacity of its four-cylinder engine line. The plant makes four- and six-cylinder engines for Avalon, Camry, Corolla, Highlander, Lexus ES, Lexus RX350, RAV4, and Sienna.
Toyota says hybrid vehicles—which include internal combustion engines—will be a key part of its vehicle strategy in the coming decade; as other automakers focus more heavily on battery electric vehicles, which only run on electric power.
Toyota said last week that 16% of its U.S. sales were of hybrid vehicles in 2020, a figure that will jump to at least 20% in 2021.
Research contact: @Reuters