GEORGETOWN, Ky. (AP) -- Toyota (NYSE: TM ) will start building the Lexus ES 350 at a factory in Georgetown, Ky., starting in 2015, producing a luxury brand vehicle for the first time in the United States.
The Japanese car company said Friday that the Georgetown plant will build about 50,000 of the flagship sedans each year, creating 750 new jobs.
The Georgetown plant currently assembles the Camry, Avalon and Venza models as well as their hybrid counterparts. The plant already employs about 6,600 people.
Toyota�said it will invest $360 million to build the Lexus assembly line, boosting Georgetown's annual vehicle production to 550,000 a year. The company made the announcement at simultaneous news conferences Friday in New York and Georgetown.
"It is fitting that the first country to build the ES outside of Japan is the United States,"�Toyota�Motor Corp. President Akio Toyoda, the company's top executive, said in New York. "This is the home for Lexus. It was where the brand was founded and it is still the biggest market for the luxury brand."
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Xiaoxiao Education Limited operates as a preschool education institution in China. It has 10 kindergartens and 1 professional comprehensive training school for children. The company?s schools provide parenting education for 0 to 3 year old children, preschool education for 3 to 6 year old children, and professional training programs for 2 to 12 year old children. Xiaoxiao Education Limited has 4,000 enrolled students and 4,000 additional children attending extra-curricular programs out of school hours and during holiday periods, as well as approximately 6,570 students attending short courses at its Hangzhou Binjiang Art Training school. The company was founded in 1996 and is based in Hangzhou, China.
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