Toyota to invest $3.6 billion moving Tacoma pickup production from Mexico to Texas
Toyota said it will invest $3.6 billion to move production of its Tacoma midsize pickup from Mexico to its San Antonio campus in Texas. The move comes amid US pressure on carmakers to build domestically and follows tariff threats on imported vehicles. Toyota said it will expand capacity at the Texas plant.
Toyota announced it will invest $3.6 billion to shift production of its top-selling Tacoma midsize pickup from Mexico to its San Antonio manufacturing campus in Texas. The Japanese carmaker said the move will expand capacity at the site and add jobs.
The decision comes against a backdrop of tariff threats on imported vehicles and pressure on automakers to build more in the United States. Toyota's San Antonio campus already produces the Tundra pickup, and adding the Tacoma will enlarge the plant's footprint.
Toyota did not immediately detail the timeline or the fate of its existing Mexican production lines. Analysts said the shift will be closely watched for its effect on North American supply chains and cost structures across the region.
Read next
EU-style tariff 'could be advantageous' in New Zealand, analysis says
Analysis suggests an EU-style tariff could be advantageous for New Zealand businesses. The proposed three-euro levy is intended to level the playing field with low-cost global manufacturers such as Temu.
Bangladesh courts China even as ties with India improve
Macron visits Syria as first EU leader since Assad's fall 18 months ago
Rivian forecasts quarterly revenue above Wall Street estimates
