Japanese automaker Toyota Motor Corporation announced a $3.6 billion investment in its vehicle manufacturing plant in San Antonio, Texas, including the construction of a second assembly line to expand production capacity.
The new investment is intended to strengthen Toyota's North American manufacturing operations and further improve its local production system.
The second assembly line is expected to begin operations in 2030, according to Toyota. The expansion will create more than 2,000 new jobs and increase the annual production capacity of the San Antonio plant by approximately 150,000 vehicles.
Tacoma production will move from Mexico
Toyota also announced that production of the Tacoma midsize pickup truck will move from its plant in Baja California, Mexico, to the San Antonio plant. The transfer is expected to take place over a period of approximately four years.
Toyota said the expansion is intended to strengthen its ability to offer products that meet the needs of the local market through its multi-variant strategy.
