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Toyota WV announces $240 million investment for hybrid transaxles


The president of Toyota West Virginia says the plant’s continued efficiency has earned it more business.
The company plans to invest $240 million to add a production line of hybrid transaxles. The announcement was made Thursday at the Buffalo plant.
“This is the next generation of electrification,” said Srini Matam, president of Toyota WV.
The investment will provide new equipment and operational upgrades to modernize the facility.
“We’ve got more business,” Matam said. “It’s a great time for our company.”
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