Toyota Formally Announces Hybrid Plant
The existing Georgetown, Kentucky plant will be the automaker’s first hybrid production site in North America.
The home of the Camry will become the home of the hybrid Camry, beginning in 2006. Additionally, Toyota will invest $10 million USD in the plant to add hybrid production.
“This is a proud day for the entire state of Kentucky,” said Kentucky Governor Ernie Fletcher, who attended the news conference from Japan via satellite. “For nearly 20 years, Toyota has called Kentucky home. We provide the kind of favorable business climate that encourages companies like Toyota to continue to invest here.”
While specifications on the hybrid Camry have not been released, the hybrid Prius has been a hugely successful vehicle in the United States, gaining about 55 miles per gallon of gas.
That figure combined with extraordinarily high gas prices has led to increased demand for hybrid vehicles.
Toyota’s Georgetown plant employs 7,000 people, and will be able to produce 48,000 Camry hybrids per year.
David Utter is a staff writer for WebProNews covering technology and business. Email him here.