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Toyota invests another $400 million to build pickups in Texas

The latest cheque brings investment in the plant to over $3 billion

Published: September 17, 2019, 10:30 PM
Updated: September 21, 2019, 3:16 AM

Toyota San Antonio production

Toyota has furthered its commitment to build its pickups in North America, with the announcement of another $391 million US going into the company’s San Antonio truck assembly plant in Texas.

The latest cheque brings investment in the plant to over $3 billion, and brings Toyota’s total investment in its North American operations to $13 billion over five years, though 2021. Toyota is also donating $500,000 over five years to Alamo Promise, a charitable organization committed to end poverty, enhance economic and social mobility and meet workforce demands in San Antonio.

Toyota Tacoma San Antonio production

“We’ve been in the U.S. for more than 60 years, creating a tremendous value chain in this country and creating an extensive footprint in the Alamo City since 2003,” said Chris Reynolds, Toyota Motor North America chief administrative officer of manufacturing and corporate resources. “With 10 US plants, 1,500-strong dealer network, an extensive supply chain and other operations, we directly and indirectly employ over 475,000 Americans and are committed to investing here.”

In a separate announcement, Toyota supplier Aisin AW announced it would invest $400 million to create a new facility in Cibolo, Texas (a town on the northeast outskirts of San Antonio).

Toyota San Antonio production

“The Lone Star State continues to build on its reputation as a manufacturing powerhouse thanks to investments from innovative companies like Toyota and Aisin AW,” said Texas Governor Greg Abbott. “Their combined new investment of nearly $800 million in the San Antonio area is a testament to Texas’ unrivaled workforce and commitment to creating an environment where businesses can thrive free from the heavy hand of government regulation and over-taxation. I am grateful to Toyota and Aisin AW for bringing more jobs to the Lone Star State and I look forward to growing our already strong partnership.”

The San Antonio Economic Development Foundation has estimated the investments will account for more than $10 billion and contribute more than 40,000 jobs to the region over the coming decade.

Toyota Tundra Crewmax

“Toyota’s investment in our people and our city creates opportunity that can change the lives of an entire generation,” said San Antonio Mayor Ron Nirenberg. “What a huge win for San Antonio. This is exactly the kind of project our city has strategically been preparing for—it shows we’re a competitive region ready for big investment from large manufacturers.”

The San Antonio facility that builds the full-sized Tundra and mid-sized Tacoma pickups employs more 3,200 people directly and has 23 on-site suppliers, to bring total site employment to over 7,200.

Toyota San Antonio production

“Our workforce makes us competitive for big global manufacturers —we have what it takes to help them grow and prosper in South Central Texas,” said Bexar County Judge Nelson Wolff. “We’ve seen for nearly 20 years the kind of impact Toyota has had on our workforce. This latest investment shows the company’s commitment to our future. In addition, Toyota along with Bexar County have partnered to develop TXFAME, an innovative program developing Advanced Manufacturing Technicians.”