NC automotive company adding about 350 jobs

DURHAM, N.C. (AP) - A North Carolina company that makes automatic transmissions and components says it's adding up to 360 jobs over the next two years so it can build and ship a new line for Toyota, transferring the work from Japan.

AW North Carolina said Thursday the new line will manufacture and ship fully assembled front-wheel-drive automatic transmissions for Toyota Motor Engineering & Manufacturing North America.

The production will start in the fall of 2011.

In January 2009, the company cited the slumping economy as its reason for laying off 280 workers and offering voluntary severance to salaried employees. The company now employs about 900 full-time and temporary workers.

AW North Carolina says its new investment is expected to exceed $100 million.

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