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Toyota Puts USD 391 Million Investment in San Antonio Assembly Plant

Auto News - Published on Thu, 19 Sep 2019

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Through its commitment to build vehicles where they are sold, Toyota is investing USD 391 million at its San Antonio truck assembly plant to better serve customers. Once complete, the plant's total investment will exceed USD 3 billion. The announcement comes as part of a broader commitment from Toyota to invest USD 13 billion in its US 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 USD 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, TX.

Governor Greg Abbott said that "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. 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."

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Posted By : Mohan Sharma on Thu, 19 Sep 2019
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