Toyota Investing $391 Million in Texas Plant
Toyota is investing $391 million at its San Antonio truck assembly plant in an effort to better serve customers. The announcement comes as part of a broader commitment from Toyota to invest $13 billion in its U.S. operations over five years through 2021. The investment will make the plant more competitive in the long-term and more efficient while remaining flexible with multi-vehicle production capabilities by introducing various advanced manufacturing technologies. Separately, Aisin AW, a supplier to Toyota Texas and other automakers, will invest $400 million and bring 900 new jobs to a future facility in nearby Cibolo, Texas.
This is Toyota’s third investment at its San Antonio truck plant, which assembles the full-size Tundra and mid-size Tacoma pickup trucks. The facility directly employs more than 3,200 team members. This new investment also comes with a commitment by Toyota Texas to continue funding local workforce development.