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Toyota To Invest $600M, Add 400 Jobs At Princeton Factory

Republican Governor Eric Holcomb (right) joined in the Toyota investment announcement.

Toyota says it will add 400 jobs and invest $600 million at a Southern Indiana SUV factory.

The announcement Tuesday comes just after President Donald Trump met with CEOs of the Detroit automakers to demand that new factories be built in the U.S. Toyota says the investment was planned before the election, and not related to Trump.

The company says the jobs will be added in Princeton, Indiana, where it makes the Highlander SUV.

"This will allow us to produce an additional 30,000 Highlanders by the end of 2019," says Toyota Motor Manufacturing President Millie Marshall, who has only been on the job three weeks.

Highlander sales in the U.S. were up more than 20 percent last year to just over 191,000.

Governor Eric Holcomb praised Toyota for “planting its flag” in Indiana and continuing to grow.

"We’re speaking the same language when we continue to invest in the future to remain globally competitive and we’re just so proud to do that with you," Holcomb says.

Officials say the expansion will mostly be technological, with no new buildings planned.

They expect the project to be completed in the fall of 2019.

Toyota says it will invest $10 billion in the U.S. over the next five years.

The Associated Press contributed to this report.

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