Toyota Motor Manufacturing, Kentucky, Inc. (TMMK)(NYSE: TM) celebrated the production launch of the Camry Hybrid today – Toyota’s first hybrid vehicle produced in North America. The addition of hybrid production represents a $10 million investment at TMMK, which will build approximately 48,000 Camry Hybrid vehicles per year.
TMMK was established in 1986 and is Toyota’s largest plant in North America. It employs approximately 7,000 team members and currently builds the Camry, Avalon and Solara. The plant has the capacity to build 500,000 vehicles annually. Since its inception, TMMK has built about 6.7 million vehicles, and the plant’s current investment is $5.4 billion.
“America’s hybrid leader now sells a Camry hybrid made in America,” said Don Esmond, Toyota Motor Sales senior vice president, Automotive Operations.
The Camry Hybrid joins a growing Toyota and Lexus hybrid lineup in the U.S., which currently includes the Toyota Prius, Lexus RX 400h luxury hybrid sport utility vehicle (SUV), Toyota Highlander Hybrid mid-size SUV, and the 2007 Lexus GS 450h hybrid luxury sedan. In 2007, Lexus will be adding the LS 600h to the hybrid lineup.
Since Toyota began selling hybrid vehicles in North America in 2000, the company has sold approximately 420,000 hybrid vehicles here.
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