Toyota joins rivals promoting U.S. growth with $600M Indiana expansion

SourceUSA Today
Date Published01/24/2017
Author NameNathan Bomey
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Toyota - IN
Parent companyToyota
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):400
Year reshoring announced:2017
Year reshoring implemented or to be implemented:2019
Capital investment ($):600
Country(ies) from which reshored:Japan
City reshored to:Princeton
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshored Highlander SUV
What non-domestic negative factors made offshoring less attractive?Currency variation, Freight cost
What domestic positive factors made reshoring more attractive?Proximity to customers/market
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