Toyota Motor Corporation (NYSE:TM) has decided to expand its engine development plant in Kentucky.

Toyota Motor Corporation To Expand Development Plant

The Japanese auto giant Toyota Motor Corporation (NYSE:TM) said that it will increase its engine assembly capacity at Georgetown plant in central Kentucky.

As a part of the move, Toyota Motor Corporation (NYSE:TM) will create about 80 new jobs and will spend around $32 million in addition.

The expansion will push the plant’s engine building capacity to 700,000 when the addition goes online in August 2013.

Toyota Motor Company (NYSE:TM) shares are currently standing at 78.17.

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