SAN ANTONIO — Toyota Motor North America (TMNA) has unveiled plans to invest $3.6 billion to expand the Toyota Texas manufacturing campus in San Antonio with a second vehicle assembly line to support production of the Tacoma truck. The expansion will create 2,000 new jobs and add 2.5 million square feet to Toyota Texas, doubling its size by 2030.
TMNA will transition Tacoma production from Toyota Motor Manufacturing Baja California, located in Mexico, to the expanded Toyota Texas plant over an approximate four-year period.
Toyota Texas currently includes a vehicle assembly line and new rear axle plant that is nearing startup.
“The 2,000 acres of South Texas ranchland our plant stands on today was purposefully selected for its ability to scale with vehicle demand, and today marks the first step toward realizing that potential,” says Frank Voss, TMNA group vice president of truck manufacturing and president of Toyota Texas.
This expansion brings Toyota’s total investment in San Antonio to $8.3 billion since breaking ground in 2003. Toyota’s local workforce will climb to approximately 6,000 team members, supported by 23 onsite suppliers and their employees.
For nearly 20 years, Toyota Texas has rolled out trucks and SUVs, assembling more than 197,000 vehicles last year. The San Antonio plant is the exclusive home of the Tundra and Sequoia, both assembled on the same production line. Production will begin at the new rear axle facility this fall.
Toyota Motor Corp. (NYSE: TM) directly employs approximately 48,000 people in the United States who have contributed to the design, engineering and assembly of more than 36 million cars and trucks across 11 manufacturing plants. Toyota’s stock price closed at $178.41 per share Tuesday, July 7, up from $170.20 per share one year ago.
— Kristin Harlow