Toyota Bucks the Auto Slowdown with $700 Million SUV Expansion

URLhttps://www.industryweek.com/talent/labor-employme
SourceIndustry Week
Date Published01/17/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota - IN
Parent companyToyota
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):150
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Capital investment ($):700
Country(ies) from which reshored:Japan
City reshored to:Princeton
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredHighlander SUV
What domestic positive factors made reshoring more attractive?Eco-system synergies, Higher productivity, Proximity to customers/market
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