The world's biggest automaker has confirmed that it is investing 44.9 billion yen (or about $467.2 million at current exchange rates) to upgrade its Indiana plant. Toyota Motor Corp. will reportedly spend the next three months retooling in order to build its Sequoia and Highlander SUVs on the same line (last year, the automaker canceled plans to manufacture the Highlander in a new plant slated for Mississippi).
Toyota Motor Manufacturing Indiana (TMMI) has just announced that it will eliminate a portion of its temporary work force by the end of the year. Not a huge number of employees are effected, but it's definitely important news for the 370 workers who will no longer be needed, some of which we're told had been working for Toyota in Indiana for years.
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