West Virginia Leading the Charge in Toyota's Electrified Future

URLhttps://finance.yahoo.com/news/west-virginia-leadi
SourceYahoo Finance
Date Published11/11/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota Motor Manufacturing West Virginia
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):240
Country(ies) from which reshored:Japan
City reshored to:Buffalo
State(s) reshored to:WV
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredhybrid transaxles
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Customization/Flexibility, Proximity to customers/market, carbon neutral committment
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