Toyota injects $391 million new investment in its San Antonio assembly plant
Through its commitment to build vehicles where they are sold, 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.
The 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.
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.
This is Toyota's third investment at its San Antonio truck plant which assembles the full-size Tundra and mid-size Tacoma pickup trucks; the facility directly employs more than 3,200 team members.
Including its 23 on-site suppliers, total employment at the plant's site tops 7,200.