Toyota Plowing $3.6B into Texas Truck Plant Expansion; Shifting Work from Mexico
Toyota revealed July 6 it plans to invest $3.6 billion into an expansion of the Texas plant that produces its full-size Tundra to add a second production line that will build its midsize Tacoma pickup.
The 2.5-million-square-foot expansion will be located on its San Antonio, Texas campus. Expected to be up and running by 2030, Toyota officials said it will add 2,000 new jobs. The company will then shift production of the Tacoma from its Baja California plant in Mexico to the new addition in Texas.
“Toyota’s continued investment in North America is a testament to our confidence in the region’s workforce, innovation and long-term growth potential,” said President and CEO Ted Ogawa, TMNA.
“By expanding our San Antonio plant, we are deepening our commitment to American manufacturing, creating meaningful and sustainable jobs, while advancing our mission to deliver high-quality vehicles that meet the changing needs of customers today and into the future.”
The automaker noted it will continue to build Tacoma trucks at its Guanajuato plant in Mexico. In addition to the new facility, Toyota is set to open a new 500,000-square-foot rear axle plant on the 2,000-acre San Antonio campus.
Toyota noted with this new addition, it has invested $8.3 billion since breaking ground in San Antonio in 2003. Officials noted the move reinforces its commitment to North America, and specifically they pushed for a speedy resolution to the ongoing USMCA trade agreement discussions between the U.S., Mexico, and Canada.
The Trump administration was quick to take a bit of the credit, noting the move is “one of many being driven by the Trump administration’s agenda of tariffs, deregulation, and tax cuts,” Reuters reported.
[Images: Toyota]
Become a TTAC insider. Get the latest news, features, TTAC takes, and everything else that gets to the truth about cars first by subscribing to our newsletter.
from TheTruthAboutCars https://ift.tt/aOl5E3e
via IFTTT
No comments