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Toyota Motor North America will invest another $240 million into its West Virginia components plant to make more hybrid transaxles that will power its growing number of hybridized vehicles.
Thursday’s announcement comes as the state’s senior senator, Democrat Joe Manchin, holds a deciding swing vote on his party’s proposed $2 trillion Build Back Better Act, which includes a controversial provision — opposed by Toyota — that would provide an additional $4,500 tax credit for union-made battery-electric vehicles. Manchin was in attendance on Thursday morning at the plant in rural Buffalo, W.Va., where he was greeted by Toyota Motor North America CEO Ted Ogawa and other high-ranking executives from the automaker.
A Toyota spokesman said there will be no additional increase in employment at the plant from the planned investment. Toyota Motor Manufacturing West Virginia is the automaker’s only combined engine and transmission plant in North America. Additionally, it is the only factory in North America to produce hybrid transaxles, which transfer power seamlessly among the engine, electric motor and wheels in any number of combinations.
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