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Toyota to invest $3.6B in Texas plant expansion, add 2,000 jobs
Fox Business • • business
Key Points:
- Toyota is investing $3.6 billion to expand its San Antonio assembly plant, creating about 2,000 new jobs and moving Toyota Tacoma pickup production from Mexico to Texas over the next four years.
- The expansion will add a second vehicle assembly line at the San Antonio campus, doubling the site's size by 2030 and bringing Toyota's total investment there to $8.3 billion since 2003.
- The expanded facility will produce the Tacoma alongside the Tundra and Sequoia, incorporate advanced manufacturing technologies, and increase production flexibility.
- Texas Governor Greg Abbott highlighted the project as a major manufacturing win for the state, with the expansion qualifying for a $20 million state grant and other incentives.
- Toyota reaffirmed its commitment to manufacturing across North America and emphasized the importance of resolving issues related to the U.S.-Mexico-Canada Agreement to maintain the region's auto industry competitiveness.
