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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
FeaturesToyota

Toyota will invest $922 million to build a new paint facility at its Kentucky factory complex

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December 13, 2024, 6:21 AM ET
A car drives past the entrance to the Toyota Motor Manufacturing plant in Georgetown, Ky., on Jan. 27, 2010.
A car drives past the entrance to the Toyota Motor Manufacturing plant in Georgetown, Ky., on Jan. 27, 2010.Ed Reinke—AP
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Toyota said Thursday it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest global manufacturing plant.

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In February, the company said it would invest $1.3 billion at its Kentucky complex, in part so it can build an all-new three-row electric SUV to be sold in the U.S.

Neither project will add any new jobs at the facility, which now employs about 10,000 workers. However, the investments reinforce Toyota’s commitment to long-term job stability, the company said.

The new paint facility, scheduled to open in 2027, will add 1 million square feet of capacity while decreasing carbon emissions by 30% and water usage by 1.5 million gallons per year, Toyota said.

It will enable the company to offer more diverse color options for its vehicles, the company said.

“Toyota’s commitment to advanced paint technologies goes beyond aesthetics,” said Kerry Creech, president of Toyota Kentucky. “It encompasses efficiency, sustainability and quality, leading the industry in environmentally responsible manufacturing.”

The project also will increase flexibility for future vehicle production and advances Toyota’s goal to achieve zero carbon emissions by 2050, the automaker said.

Toyota’s investment in the Bluegrass State has surpassed $11 billion since breaking ground at the central Kentucky site in 1986. Georgetown is 16 miles (26 kilometers) north of Lexington, Kentucky.

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