Toyota is investing $391 million at its San Antonio truck assembly plant to better serve customers. Once complete, the plant's total investment will exceed $3 billion.
Today’s announcement comes as part of a broader commitment from Toyota to invest $13 billion in its U.S. operations over five years through 2021. This new investment also comes with a commitment by Toyota Texas to continue funding local workforce development, a community need the company has long championed.
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.”
This new investment at Toyota Texas is in response to strong customer demand and will make the plant even more competitive in the long-term and more efficient while remaining flexible with multi-vehicle production capabilities by introducing various advanced manufacturing technologies.