Toyota to Invest 391 M. Dollars in Texas Plant
New York, Sept. 17 (Jiji Press)--Toyota Motor Corp. <7203> said Tuesday it will invest 391 million dollars in its truck plant in San Antonio, Texas, by 2021 in response to strong customer demand.
The investment "will make the plant even more competitive in the long-term and more efficient while remaining flexible with multivehicle production capabilities by introducing various advanced manufacturing technologies," the Japanese automaker said in a statement.
The move is part of Toyota's broader commitment to invest 13 billion dollars in its U.S. operations over five years through 2021, the company said.
The San Antonio plant assembled 258,000 Tundra and Tacoma pickup trucks last year, according to Toyota.
In a related move, Aisin AW Co., a Japanese supplier of transmissions to Toyota, said it will build a new production base in Texas.
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