A Lexus luxury brand vehicle will soon be built in the Bluegrass State. Toyota officials made the formal announcement Friday morning at the auto maker’s Georgetown, Kentucky, plant, where production of the Lexus ES 350 will begin in 2015.
Governor Beshear told Toyota leaders in attendance that he appreciates their decision to invest further in Kentucky.
“We realize the care and the pride that you take in that vehicle and that it requires the utmost in a skilled workforce, not to mention top quality components,” said Beshear. “Your confidence in the quality of Kentucky’s workers, especially our team here in Georgetown is appreciated and well placed.”
Kentucky Toyota workers will produce about 50,000 of the new Lexus vehicles annually once production begins in two years. The expansion will add an estimated 750 new jobs to a facility that already employs 6,600 workers.
Toyota Motor Corporation is offering retirement incentives to 2,000 Kentucky employees in an effort to prevent a mass-exodus next year at the automaker’s Georgetown plant. The Wall Street Journal reports the effort by Toyota would require eligible workers to leave at dates specified by the company, rather than when the employees would otherwise become eligible for retirement.
Automaker Toyota is helping Kentucky schools expand an early childhood learning program. Toyota is giving $115,000 to open 10 more Born Learning programs in the commonwealth. The program is for pre-kindergarten students and their parents and is meant to prepare children to enter school.
Toyota Motor Manufacturing in Georgetown has announced it’s boosting engine production. Toyota officials along with Governor Steve Beshear are hailing the automaker's latest expansion as welcome news – both for a company recovering from highly publicized recalls starting in 2009 and the state of the economy in the Bluegrass.
Governor Steve Beshear has signed a bill into law that gives tax incentives to automakers in Kentucky. The new law allows manufacturers and suppliers to tap the incentives if they have 1,000 employees, have been in business in Kentucky for at least five years and are willing to invest $100 million in the state.