A multinational automaker recently announced an investment of $391 million at its San Antonio truck assembly plant in response to customer demand and to expand multi-vehicle production capabilities by introducing various advanced manufacturing technologies.
Toyota’s announcement comes as part of a broader commitment from the company to invest $13 billion in its U.S. operations over five years through 2021. Toyota Texas also commits to continue funding local workforce development. As part of Toyota’s commitment to help San Antonio’s workforce and education, Alamo Promise will receive a $500,000 donation from Toyota Texas over a five-year period. Alamo Promise’s mission is to end poverty, enhance economic and social mobility and meet workforce demands throughout the city.
Separately, Aisin AW, a supplier to Toyota Texas and other automakers, announced that it will invest $400 million and bring 900 new jobs to a future facility in nearby Cibolo, TX.
“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 U.S. 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.”
“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 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.”
This is Toyota’s third investment at its San Antonio truck plant which assembles the full-size Tundra and mid-size Tacoma pickup trucks.
Main photo credit: Toyota
