

Toyota is planning to invest $3.6 billion to move production of its Tacoma midsize pickup trucks from its Mexico plant to a campus in San Antonio, Texas.
According to a July 6 release, Toyota will add a second vehicle assembly line to the San Antonio manufacturing campus, while doubling its size to more than 5 million square feet by 2030. The automaker will also look to expand the facility's yearly capacity from 200,000 to 350,000 units.
“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," said Toyota North America CEO Ted Ogawa.
In a statement to CNBC, Toyota clarified that still plans to maintain some level of operations in Mexico despite the shift to Texas, and that a portion of Tacoma pickups will still be produced at a plant in Guanajuato. The San Antonio plant currently manufactures Toyota's Tundra pickup truck, as well as its Sequoia hybrid SUV.
The expansion in Texas is part of Toyota's larger initiative to invest $10 billion in U.S. manufacturing through 2030. The company previously announced plans to spend $1 billion to increase production capacity at plants in Kentucky and Indiana. Another $912 million is slated for upgrades to manufacturing facilities in West Virginia, Kentucky, Mississippi, Tennessee and Missouri, while the San Antonio campus already received a separate $531 million investment for a 500-million-square-foot rear axle plant set to open this fall.
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