| The Toyota Motor Corp. is planning a $413
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| | 352,000 Camrys, 93,000 Avalons and 48,000
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| million upgrade to its Georgetown,
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| | Solaras in Georgetown in the previous
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| Kentucky plant. The plan is intended to
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| | year. The target came along with
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| boost the production capacity and
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| | approximately 500,000 six-cylinder and
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| efficiency. The automaker also plans to
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| | four-cylinder engines.
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| add a model to the Camry, Avalon and
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| | Madden noted a possible name for the new
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| Solara vehicles in said the plant.
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| | wagon is the Ace. That name is being used
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| The Kentucky Economic Development Finance
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| | for a vehicle sold in Japan, but she said
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| Authority gave preliminary approval for
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| | the American wagon would be completely
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| $25 million in economic incentives for
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| | different. Hesterberg said that Toyota
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| the work. Toyota has about 7,000
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| | does not comment on details of upcoming
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| employees at the Georgetown factory, but
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| | models. He added, "A final decision about
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| spokesman Rick Hesterberg said the
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| | the new vehicle has not been made and
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| upgrades would not result in any new
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| | Georgetown is not the only location in
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| jobs. Hesterberg added that the money
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| | the running."
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| would be invested in the assembly and
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| | Under the company's agreement with the
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| production areas. He declined to discuss
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| | state, employment at the Georgetown plant
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| the new vehicle being considered for the
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| | could actually decrease to 6,750 in
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| plant.
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| | 2008-09, then to 6,466 in 2010-2013 and
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| Catherine Madden, a senior automotive
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| | to 6,253 in 2014-17. Hesterberg said
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| analyst for market-research firm Global
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| | those guidelines reflect the minimum
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| Insight near Boston, said that she
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| | number of jobs the plant must have to
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| expects the new vehicle will be a
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| | receive state incentives, and he said
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| midsized sport-touring wagon which is
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| | there are no plans to reduce the size of
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| quite similar to the Matrix but larger.
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| | the work force. Almost 1,000 temporary
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| Madden added the plant would be a logical
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| | workers are employed at the plant through
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| choice for the new model because the
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| | a staffing agency.
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| frame would be based on the Toyota Camry.
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| | Gene Fuqua, the acting secretary of the
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| She said about 80,000 of the vehicles
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| | Kentucky Cabinet for Economic
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| would be made each year.
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| | Development, said that the program has
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| Some of the Toyota Camry production at
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| | only been used a few times. "We don't get
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| Georgetown could be shifted to a plant in
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| | $400 million investments very often," he
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| Lafayette, Indiana, to free up room,
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| | said in an interview. "No question,
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| Madden added. "This is the beauty of what
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| | there's a lot of spinoff from this."
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| the Toyota system is supposed to do," she
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| | The proposed tax breaks fall under the
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| said of Toyota's ability to shift work
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| | Kentucky Reinvestment Act. The latter
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| between plants and produce manifold
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| | offers incentives to companies with at
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| models based on the same welding points
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| | least 1,000 employees that make
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| and architecture.
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| | significant upgrades even if they are not
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| The automaker, known for its refined auto
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| | adding jobs. A copy of the agreement
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| parts which could be compared to the
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| | between the state and Toyota stated that
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| quality of APC cold air intake, has
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| | the work is estimated to be completed in
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| invested $5.5 billion in its Georgetown
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| | late 2008.
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| plant. It expected to produce about
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