Toyota to Invest $3.6 Billion in Texas Plant, Shift Tacoma Production From Mexico
- Toyota announced a $3.6B expansion of its San Antonio assembly plant, adding a second production line and shifting most Tacoma midsize-pickup output from Guanajuato, Mexico to Texas, a transition expected over roughly four years (FoxBusiness).
- The project creates more than 2,000 jobs and lifts the plant's annual capacity by ~150,000 units by 2030; Toyota will continue operating its Mexican plant, but the move is widely read as a hedge against North American tariff and USMCA uncertainty.
- The announcement comes as U.S. new-vehicle affordability tightens, with the average new-car payment hitting an all-time high, according to FoxBusiness.