Toyota plans $2 billion Texas assembly plant for next-generation vehicles
Toyota plans to build a $2 billion assembly plant in Texas. The investment marks a significant move in carmakers' race to expand US production capacity.
Toyota has announced plans to build a $2 billion vehicle assembly plant in Texas. The investment is seen as the latest move by carmakers seeking to expand production capacity for the US market. The company is targeting an annual output capacity of several hundred thousand vehicles at the new facility.
The decision arrives alongside the Trump administration's pressure to add tariffs on imported vehicles. Toyota said the new plant will be configured for hybrid and lower-emission models, complementing its existing US production base. The head of Toyota's North American operations said the investment is expected to be completed by 2028.
The project will create thousands of new jobs in Texas. Combined with deals with supplier firms in the wider Toyota network, the local economic impact could become considerably larger. Analysts are watching how the investment will affect the balance of the carmaker's global production footprint over the coming years.
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