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FROM THE SOURCE headlines from the latest press releases

PRNewswire

Governor Bob Riley joined community leaders from Huntsville and executives from Toyota (NYSE: TM) today to announce another expansion of Toyota's engine plant located in Huntsville. "This is the second major expansion of the Toyota plant in the past fourteen months and is yet another sign that Alabama's economy is on the right track," Governor Riley said. "The fact that Toyota has essentially doubled its presence in Alabama shows not only that this is a truly successful company with a great team of workers, but that it also has a lot of confidence in the economy of our state." This expansion project will nearly double the size of the current facility. Additional investment for this expansion will be $250 million, bringing the total to $490 million. Another 300 jobs will be added for a total of 800. Annual production capacity will be increased by 150,000 engines for a total of 400,000 units.

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