Toyota announces $391-million additional investment in San Antonio plant

San Antonio's sprawling Toyota factory is about to get bigger. For the first time in nearly a decade, the automaker has announced they are expanding. Toyota says it will pump in $391 million into the plant, in a move that is expected to lead to thousands of additional jobs in the region.

Toyota made the announcement in a ceremony that included Texas Governor Greg Abbott, San Antonio Mayor Ron Nirenberg and Bexar County Judge Nelson Wolff.

Governor Abbott said, "it is a great day for Toyota and it is a great day for the great state of Texas." Abbott told Toyota, "we can't thank you enough for your commitment to our state and I want you to know that the state's commitment to you is reciprocated. That we want to be there with you all along the way."

The San Antonio assembly plant builds Tundra and Tacoma pick-up trucks, but the new investment could mean additional work in the future. Toyota says studies show the increased investment will lead to an estimated 40,000 new jobs in the region over the next ten years.

Photo: 1200 WOAI


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