Toyota West Virginia Plans To Invest $88 Million In New Hybrid Transaxle Line

(RTTNews) - Toyota Motor Corp. (TM), Wednesday announced Toyota West Virginia's plan to invest $88 million to assemble the next generation of hybrid transaxles, showing the company's commitment towards providing customers with a variety of drivetrain options.

Scheduled to commence production in late 2026, the drivetrain component is estimated to help power future North American-assembled Toyota and Lexus models.

With this investment, the automaker's total investment in the plant will stand at more than $2.8 billion along with employment opportunities to over 2,000 workers.

Additionally, Toyota West Virginia is donating $100,000 to the Marshall Advanced Manufacturing Center at Marshall University to support the center's workforce development program.

Currently, Toyota's stock is trading at $182.61, up 2.19 percent on the New York Stock Exchange.