Toyota company headlines, earnings, strategy, leadership, and market-moving business updates.
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The automaker says a San Antonio-area investment will expand capacity for Tacoma production, with the company pointing to job creation and a longer-term push for U.S. manufacturing through 2030.
THE APEX TIMES
THE APEX TIMES
Toyota Motor North America said it will more than double the footprint of its San Antonio-area manufacturing campus by 2030, adding a second assembly line that will allow Tacoma production to join the lineup of Tundra and Sequoia vehicles. The company did not specify what share of U.S.-bound Tacomas would shift from Mexico.
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In his first general shareholders meeting as Toyota Motor Corporation’s 13th president, Kon laid out a vision shaped by his accounting background and an emphasis on listening to front-line teams, while also reiterating the company’s mission language as it explores a broader mobility agenda.
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The automaker said it will add a second vehicle assembly line at its San Antonio campus, create about 2,000 jobs, and gradually shift Tacoma production from its Baja California plant in Mexico to Texas.
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A Yahoo Finance report says Lexus, Toyota Motor’s luxury brand, renewed and expanded its long-running Madison Square Garden marketing partnership, drawing renewed attention to how much the brand’s U.S. visibility is “priced in” for investors watching Toyota Motor’s stock (TSE:7203).
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Toyota Motor North America says it will expand its San Antonio manufacturing campus with a $3.6 billion investment that will add production capacity for the Tacoma and create 2,000 jobs, bringing the local workforce to about 6,000.
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Toyota says its expanded collaboration with onX, a digital outdoor navigation platform, is aimed at helping more people reach and enjoy trails while promoting responsible use of outdoor lands.
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The automaker says it will move Tacoma output from Baja California, Mexico back to its South Side San Antonio complex over four years, alongside a major expansion that includes new jobs and additional factory space.
THE APEX TIMES
The automaker says most Tacoma pickup assembly will move from Mexico to its San Antonio manufacturing campus over about four years as it expands capacity and creates more U.S. jobs.
