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Toyota Announces $2.5 Billion Expansion of North Carolina Plant with 350 Additional Jobs and BEV Battery Capacity
LIBERTY, N.C. (Aug. 31, 2022) – Toyota announced an additional investment of $2.5 billion in its newest North American facility, Toyota Battery Manufacturing North Carolina (TBMNC). This investment adds capacity to support battery electric vehicle (BEV) battery production and adds 350 jobs, bringing the total employment to approximately 2,100. Scheduled to begin production in 2025, the facility will produce batteries for hybrid electric vehicles (HEV) and BEVs.
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Toyota Financial Services Promotes Diversity & Inclusion Through its Latest Bond Offering
PLANO, Texas (Aug. 26, 2022) – Toyota Financial Services (TFS) reinforced its dedication to integrating Diversity & Inclusion (D&I) in all areas of its business through the issuance of its sixth D&I Bond in the amount of $750 million. This latest bond offering continues Toyota Financial Services’ ongoing commitment to helping diverse underwriting firms strengthen their experience working on high profile deals. The company’s new three-year fixed rate D&I Bond serves as both an integral component of Toyota’s comprehensive funding program, and enhances Toyota’s diversity efforts by highlighting exceptionally capable Minority- and Women-Owned Business Enterprise (MWBE) certified firms.
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2023 Toyota GR Corolla Named Official Pace Car for National Championships at Laguna Seca
PLANO, Texas (Aug. 25, 2022) – Toyota unveiled its turbocharged and all-wheel drive 2023 GR Corolla this past Spring, expanding its Toyota Gazoo Racing performance model lineup and rewarding enthusiasts with this rowdy, rally inspired, 300-horsepower hot hatch. Today, Toyota proudly announces the GR Corolla is the official pace car for the 2022 National Auto Sport Association (NASA) National Championships.
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‘Mobility for All’ Comes to the American Center for Mobility
YPSILANTI, Mich. (Aug. 24, 2022) – Toyota Motor North America (TMNA) and the American Center for Mobility (ACM) today unveiled “Mobility4All Parkway” as the new name of a test road at ACM’s Smart Mobility Test Center. Toyota was granted naming rights to the east/west section of ACM’s 6x6 lane intersection in recognition of five years since becoming an ACM founder-level sponsor. The announcement was made during Toyota’s Future Mobility Showcase for media on the ACM campus.
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Toyota, NREL Collaborate to Advance Megawatt-Scale Fuel Cell Systems
PLANO, Texas (Aug. 24, 2022) – Toyota Motor North America (Toyota) is collaborating with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) to build, install and evaluate a 1-megawatt (MW) proton exchange membrane (PEM) fuel cell power generation system at NREL’s Flatirons Campus in Arvada, Colorado.
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Toyota’s Collaborative Safety Research Center Adds Four New Projects to Latest Five-Year Research Phase
ANN ARBOR, Mich. (Aug. 23, 2022) – Toyota’s Collaborative Safety Research Center (CSRC) today announced four additional research projects are being added to the next phase of its pioneering automotive safety research. The projects include a study of human diversity in injury biomechanics, a look at technologies that can help prevent impaired drivers from endangering themselves or others, how to help predict when a driver is at risk of incapacitation or illness before it becomes an emergency and how to more effectively pass the operation of the vehicle between the driver and automation. These new projects join the nine announced in April as part of a five-year, $30 million commitment to examine the diversity of safety needs and analyze safe mobility options that accommodate a variety of applications, physical characteristics and levels of accessibility for people and society.
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