Source: United States Senator for West Virginia Shelley Moore Capito
BUFFALO, W.Va. – U.S. Senator Shelley Moore Capito (R-W.Va.) today applauded Toyota West Virginia’s (TMMWV) announcement that they will be investing an additional $73 million in its Buffalo, W.Va. facility.
This investment comes on the heels of the $240 million investment announced in November 2021 and will increase hybrid transaxle production capacity to 600,000 units per year. With this funding, TMMWV will also begin assembling an estimated 120,000 rear motor stators per year, a key component in electric motors. Currently, a team of more than 2,000 build approximately one million engines and transmissions annually for many of Toyota’s North American-assembled vehicles. With today’s announcement, Toyota has invested more than $2 billion in its West Virginia plant.
“West Virginia has a long and productive relationship with Toyota,” Senator Capito said. “Today’s announcement shows the company’s continued commitment to investing in our state and our workers. Not only is this investment great news for West Virginia and the hardworking individuals at the Buffalo facility, but it will also help advance the company’s production and fuel our economy. In the meantime, I am committed to doing everything I can to make sure this success continues. The Democrats’ Build Back Better Act has a discriminatory provision that would prioritize some American workers over others, which is why I made my intentions known to put forward an amendment that would eliminate this unfair special interest subsidy should the Democrats’ move forward with their reckless tax-and-spend bill. It’s critical that we create an environment that allows our hardworking West Virginians to compete on a level playing field, and I am committed to doing that so we can celebrate more investments like this in the future.”
“Toyota is moving quickly toward an electrified future, and West Virginia will play a critical role in that journey,” David Rosier, president of TMMWV, said. “Our team embraces this challenge, and it’s clear Toyota has faith in our ability and trusts us to take the company to new heights.”
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