Toyota and Aisin AW Devote to Joint $791M investment in Texas Production

Toyota’s investing heavily in its own San Antonio mill ( which assembles the Tundra and Tacoma trucks)

Toyota’s manufacturing presence in the US is absolutely enormous, and that is in large part because of the business’s commitment to building automobiles on the market where they are intended.

One of the firm’s main US plants is its truck assembly plant in San Antonio, and Toyota declared on Tuesday it was investing in a cool $391 million from the centre. That investment is part of Toyota’s bigger commitment to investing $13 billion in its US production infrastructure during 2025. This is exactly the kind of project our city has strategically been preparing for — it shows we’re a competitive region ready for big investment from large manufacturers,” San Antonio Mayor Ron Nirenberg explained in a statement.”

Maybe even cooler compared to the expense of cash in its own factory is Toyota’s strategy to put money into the local work force to help provide jobs for your plant. This will arrive in the shape of a $500,000 contribution to Alamo Promise, a nonprofit dedicated to providing tuition aid for neighborhood pupils.

“We’ve been in the US for more than 60 years, creating a tremendous value chain in this country and creating an extensive footprint in the Alamo City since 2003,” Chris Reynolds, Toyota Motor North America principal administrative officer of corporate and manufacturing sources, said in a statement.”

But wait, there is more. Aisin AW — that is a significant provider for Toyota and can also be part of the Toyota Group — is currently investing $400 million to create a facility in neighboring Cibolo, Texas. It’s anticipated to attract 900 new jobs into the community.

Watch that this:

2020 Toyota Tacoma piles on the technician Chicago