According to foreign media reports, Toyota Motor plans to invest US$531 million to build a new 500,000-square-foot facility near the San Antonio assembly plant in Texas.
Toyota’s San Antonio assembly plant currently produces Toyota Tundra and Toyota Sequoia vehicles, and Toyota plans to produce drivetrain components for both vehicles at the new facility.
The investment plan is expected to create more than 400 new jobs in Texas.
, Toyota’s existing factory park in San Antonio, Texas, has more than 20 on-site suppliers focused on producing parts for Toyota Tantu, hybrid Toyota Tantu and Toyota Red Shirts, and employs 5,600 workers.
Toyota’s plant began operations in 2006 and employs 3,800 people.
In 2023, the plant will produce more than 180,000 vehicles.
Toyota Motor said in its latest announcement that it has invested approximately US$4.
7 billion in the Texas plant.
2024 Toyota Tundra.
Photo source: Toyota Motor, According to the San Antonio Express, Bexar County, Texas, provides a series of incentives to support corporate investment.
On the one hand, the state provides $14.
7 million in tax breaks, providing a 100% tax break to eligible businesses over ten years.
On the other hand, if a business provides at least 250 jobs to the state and ensures that it pays workers at least $34.
55 per hour, or $71,864 per year, then the state will provide a $250,000 skills development grant.
, Although Toyota has not yet clearly announced which parts will be produced at its new assembly plant in Texas, the latest operating changes of Hino Motor Manufacturing America Co., Ltd. in the past few days may give us some clues.
Hino Motor Manufacturing America announced that it would close its Marion axle plant in Marion, Arkansas, by the end of 2027, causing the loss of 1,300 jobs, which had been producing axles for Toyota Tantu and Toyota Red Shirts.
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