US Facilities · Autos
Toyota to invest $391 million in its San Antonio truck plant
- Company
- Toyota Motor (Toyota Motor Manufacturing Texas) (Toyota City, Aichi)
- Project
- Toyota Motor Manufacturing Texas truck plant, San Antonio, Texas
- Value
- $391M
- Status
- Announced on September 17, 2019.
- Date
- 2019-09-17
Toyota said it would invest $391 million in its truck plant in San Antonio, Texas. The announcement was made together with Aisin AW's plan for a nearby transmission plant, and the Texas governor described the two as a combined package of nearly $800 million.
Why it matters
The paired announcements show Toyota and its suppliers adding capacity together in Texas, where the company builds its pickup trucks.
Sources
Kakehashi M&A News home
