Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup tr...
WASHINGTON - Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker’s plan to invest $13 billion in its U.S. operations over five years through 2021.
Christopher Reynolds, Toyota Motor North America’s chief administrative officer, told Reuters the investment could allow the company to eventually boost the plant’s capacity but no decision has been made. Separately, Aisin AW said it was investing $400 million in a future facility to produce automatic transmisions for Toyota and other automakers that will employ 900 people in Cibolo, Texas.
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