HUNTSVILLE, AL—Toyota Motor Co. is investing $282 million to increase production at its engine assembly plant here. The automaker is also adding more than 350 new jobs at the plant.
SOUTHFIELD, MI—Automotive supplier Lear Corp. is set to acquire WIP Industrial Automation, a Spain-based systems integrator with a focus on advanced automation for industrial applications. The deal is expected to close by the third quarter of 2024 and is subject to regulatory approvals.
The expansion will support the production of Rivian’s midsized SUV, the R2.
May 22, 2024
NORMAL, IL—Electric vehicle manufacturer Rivian plans to increase the capacity of its assembly plant here to produce its midsized SUV, the R2. The company has secured an $827 million incentive package from the Illinois Department of Commerce & Economic Opportunity to support the expansion.