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 new investment at Toyota Texas is in response to strong customer demand. 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.