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FinanceToyota to build $3.6 bln Texas plant, shift Tacoma production from Mexico
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Toyota Motor Corporation announced plans to build a new $3.6 billion auto plant in Texas, shifting some truck production from Mexico to the United States. The 2.5-million-square-foot facility will be located on its San Antonio manufacturing campus and is set to open by 2030, creating 2,000 jobs. Once completed, production of the mid-size Tacoma pickup truck will move from Toyota's Baja California plant in Mexico to Texas, though Tacoma production will continue at the Guanajuato plant in Mexico. Toyota already produces Tundra trucks and SUVs at its existing San Antonio assembly plant on the same site, and a new 500,000-square-foot rear axle plant is set to open in autumn 2026. The article also notes Toyota's Q4 profit miss and positions the investment within the context of onshoring trends.
Source report
By Noor Ul Ain Rehman Published: July 15, 2026, 8:55 AM UTC
Toyota Motor Corporation (NYSE: TM) has announced plans to construct a new $3.6 billion automobile plant in Texas and relocate some of its truck production from Mexico to the United States, according to a Reuters report published on July 6.
Key Details
- New facility: A 2.5-million-square-foot plant on Toyota’s existing San Antonio manufacturing campus.
- Timeline: The facility is expected to open by 2030.
- Job creation: The project will create approximately 2,000 jobs.
- Production shift: Once completed, production of the mid-size Tacoma pickup truck will move from Toyota’s Baja California plant in Mexico to Texas.
- Ongoing production: Toyota will continue building Tacoma trucks at its Guanajuato plant in Mexico.
Existing Operations
Toyota already produces Tundra trucks and SUVs at its current San Antonio assembly plant on the same site where the new facility will be built. Additionally, a new 500,000-square-foot rear axle plant is scheduled to open this autumn.
Company Overview
Toyota Motor Corporation manufactures and sells motor vehicles and parts. Its operations are divided into three segments: Automotive, Financial Services, and All Other.
This article is based on reporting by Reuters and originally appeared on Insider Monkey.
Source
Yahoo FinanceWestern
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Toyota to Build $3.6 Billion Auto Plant in Texas, Shifting Tacoma Production from Mexico