Toyota Motor has announced it will invest $3.6 billion to shift production of the Tacoma midsize pickup truck from a plant in Mexico to its manufacturing campus in San Antonio, Texas.
The announcement aligns with Toyota’s stated plan to invest up to $10 billion domestically in the U.S. by 2030, surpassing previous expectations. This follows shortly after the Trump administration announced that the U.S. would not renew its participation in the USMCA agreement, opting instead to carry out annual reviews.
In a press release, Toyota Motor North America CEO Ted Ogawa told investors, “Toyota’s continued investment in North America is a testament to our confidence in the region’s workforce, innovation and long-term growth potential. 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.”
Toyota said the investment will generate 2,000 U.S. jobs at the facility, establish a second vehicle assembly line, and nearly double the plant’s size from 2.7 million square feet by 2030.
Additionally, the plant’s annual production capacity will increase from approximately 200,000 to 350,000 units.
A Toyota spokeswoman said the company is “maintaining its operations in Mexico” as Tacoma production shifts from Tijuana to Texas over the next four years, but she declined to give more details. She said the company plans to keep producing Tacoma pickups at another Mexican plant in Guanajuato.
The new investment and production capacity could help Toyota become the No. 1 carmaker in U.S. sales.
By CEO NA Editorial Staff
