SAN ANTONIO, Sept. 17, 2019 /PRNewswire/ -- Through its
commitment to build vehicles where they are sold, Toyota is
investing $391 million at its
San Antonio truck assembly plant
to better serve customers. Once complete, the plant's total
investment will exceed $3
billion.
Today's announcement comes as part of a broader commitment from
Toyota to invest $13 billion in its
U.S. operations over five years through 2021. This new investment
also comes with a commitment by Toyota Texas to continue funding
local workforce development, a community need the company has long
championed.
As part of Toyota's commitment to help San Antonio's workforce and education, Alamo
Promise will receive a $500,000
donation from Toyota Texas over a five-year period. Alamo Promise's
mission is to end poverty, enhance economic and social mobility and
meet workforce demands throughout the city.
Separately, Aisin AW, a supplier to Toyota Texas and other
automakers, announced that it will invest $400 million and bring 900 new jobs to a future
facility in nearby Cibolo, TX.
"The Lone Star State continues to build on its reputation as a
manufacturing powerhouse thanks to investments from innovative
companies like Toyota and Aisin AW," said Governor Greg Abbott. "Their combined new investment of
nearly $800 million in the
San Antonio area is a testament to
Texas' unrivaled workforce and
commitment to creating an environment where businesses can thrive
free from the heavy hand of government regulation and
over-taxation. I am grateful to Toyota and Aisin AW for bringing
more jobs to the Lone Star State and I look forward to growing our
already strong partnership."
"We've been in the U.S. for more than 60 years, creating a
tremendous value chain in this country and creating an extensive
footprint in the Alamo City since
2003," said Chris Reynolds, Toyota
Motor North America chief administrative officer of manufacturing
and corporate resources. "With 10 U.S. plants, 1,500-strong dealer
network, an extensive supply chain and other operations, we
directly and indirectly employ over 475,000 Americans and are
committed to investing here."
This new investment at Toyota Texas is in response to strong
customer demand and will make the plant even more competitive in
the long-term and more efficient while remaining flexible with
multi-vehicle production capabilities by introducing various
advanced manufacturing technologies.
"What a huge win for San
Antonio. 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," said
San Antonio Mayor Ron Nirenberg. "Toyota's investment in our
people and our city creates opportunity that can change the lives
of an entire generation."
"We've seen for nearly twenty years the kind of impact Toyota
has had on our workforce. This latest investment shows the
company's commitment to our future," added Bexar County Judge
Nelson Wolff. "In addition, Toyota
along with Bexar County have
partnered to develop TXFAME, an innovative program developing
Advanced Manufacturing Technicians. Our workforce makes us
competitive for big global manufacturers —we have what it takes to
help them grow and prosper in South
Central Texas."
According to a study commissioned by the San Antonio Economic
Development Foundation, total economic impact of these investments
will surpass $10 billion with an
employment multiplier of over 40,000 jobs over the next ten years
for the region.
This is Toyota's third investment at its San Antonio truck plant which assembles the
full-size Tundra and mid-size Tacoma pickup trucks; the facility
directly employs more than 3,200 team members. Including its 23
on-site suppliers, total employment at the plant's site tops
7,200.
About Toyota
Toyota (NYSE:TM) has been a part of the
cultural fabric in the U.S. and North
America for more than 60 years, and is committed to
advancing sustainable, next-generation mobility through our Toyota
and Lexus brands. During that time, Toyota has created a
tremendous value chain as our teams have contributed to world-class
design, engineering, and assembly of more than 38 million cars and
trucks in North America, where we
have 14 manufacturing plants, 15 including our joint venture in
Alabama (10 in the U.S.), and
directly employ more than 47,000 people (over 36,000 in the
U.S.). Our 1,800 North American dealerships (nearly 1,500 in
the U.S.) sold 2.8 million cars and trucks (2.4 million in the
U.S.) in 2018.
Through the Start Your Impossible campaign, Toyota highlights
the way it partners with community, civic, academic and
governmental organizations to address our society's most pressing
mobility challenges. We believe that when people are free to move,
anything is possible. For more information about Toyota,
visit www.toyotanewsroom.com.
Toyota Texas contact:
Melissa Sparks (210)
501-6038
Luisa Casso (210)
268-2732
View original content to download
multimedia:http://www.prnewswire.com/news-releases/toyota-injects-391-million-new-investment-in-its-san-antonio-assembly-plant-300920095.html
SOURCE Toyota Motor North America