"This capacity increase helps us meet growing North American demand and is a part of our localization strategy to 'build where we sell," said Millie Marshall, TMMWV senior vice president of manufacturing and administration.
Bodine Aluminum, a Toyota cast part manufacturing facility, will invest $11 million at its Troy, Mo., plant and $1 million in Jackson, Tenn., to provide transmission cases and housing parts to TMMWV. Bodine's total investment is more than $650 million, and it employs nearly 1,100 at its three locations.
TMMWV manufacturing and administration senior vice president Millie Marshall said: This latest investment helps us better serve our North American customers and prepares us for an even brighter future.
TMMWV built transmissions will be installed in Toyota models comprising Avalon, Camry, Highlander, Lexus RX350, Sienna and Venza.