Sep 18, 2019 07:54 JST

Source: Toyota Motor Corporation

Toyota Injects $391 Million New Investment in its San Antonio Assembly Plant
Total Investment in Toyota Texas to Exceed $3 Billion; Company Commits to Further Fund Local Workforce Development

San Antonio, TX, Sep 18, 2019 - (JCN Newswire) - 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.

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, Texas.

"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."

"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.

"What a huge win for San Antonio. This is exactly the kind of project our city has strategically been preparing for--it shows we're a competitive region ready for big investment from large manufacturers," said San Antonio Mayor Ron Nirenberg. "Toyota's investment in our people and our city creates opportunity that can change the lives of an entire generation."

"We've seen for nearly twenty years the kind of impact Toyota has had on our workforce. This latest investment shows the company's commitment to our future," added Bexar County Judge Nelson Wolff. "In addition, Toyota along with Bexar County have partnered to develop TXFAME, an innovative program developing Advanced Manufacturing Technicians. Our workforce makes us competitive for big global manufacturers--we have what it takes to help them grow and prosper in South Central Texas."

According to a study commissioned by the San Antonio Economic Development Foundation, total economic impact of these investments will surpass $10 billion with an employment multiplier of over 40,000 jobs over the next ten years for the region.

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.

Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926
Source: Toyota Motor Corporation
Sectors: Automotive

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Toyota Releases Sales, Production, and Export Results for February 2024
March 28 2024 12:35 JST
 
PEVE to change name to TOYOTA BATTERY Co., Ltd. and produce batteries for a wide range of electric vehicles
March 27 2024 14:13 JST
 
Toyota to Open New Tokyo Head Office in Shinagawa in FY2030
March 22 2024 15:15 JST
 
Toyota: Clarification of the Roles of and Expectations for Outside Executives, Revision of the Independence Assessment Criteria, and the Changes to Members of the Board of Directors and the Audit and Supervisory Board Members following the 120th Ordinary General Shareholders' Meeting
March 21 2024 15:47 JST
 
Sales of Evolved GR Yaris to Start in April, While Purchasing Lotteries for WRC Driver-supervised Special Editions Start Today
March 21 2024 15:31 JST
 
TMF Collaborates with the Okinawa Prefectural Police Headquarters to Develop Accident Prevention Approaches Integrating Police Accident Data with Vehicle Data
March 19 2024 11:49 JST
 
The Future of Accessibility: Toyota Mobility Foundation and MaRS Discovery District Launch the Mobility Unlimited Hub in Toronto
March 08 2024 09:35 JST
 
TMC Strengthens Battery Production Capabilities
March 06 2024 16:25 JST
 
Hard-earned points for TOYOTA GAZOO Racing
March 04 2024 15:45 JST
 
Daimler Truck, Mitsubishi Fuso, Hino and Toyota Motor Corporation report progress on the collaboration based on the Memorandum of Understanding
March 01 2024 20:30 JST
 
More Press release >>

Latest Press Release


More Latest Release >>