Toyota Set for Big Announcement

(photo courtesy of Toyota)

Executives from Toyota Motor Manufacturing Indiana Inc. in Princeton are set to make a major economic development announcement Friday. Governor Eric Holcomb, who hinted at the announcement during his State of the State address, will be on hand for the event, which will also include the unveiling of the 2020 Toyota Highlander.

No other details about the announcement were released. 

The news comes on the heels of the governor’s State of the State address, where he announced Fiat Chrysler Automobiles’ plans to invest $400 million in one of its facilities in Kokomo. The effort is expected to create an unspecified number of jobs.

The TMMI plant manufactures the Toyota Sienna, Sequoia, Highlander and Highlander Hybrid models. The automaker employs some 5,400 workers at the facility.

Inside INdiana Business will be on hand for the announcement and will have more in this afternoon’s INside Edge e-newsletter.