Announcement
Toyota Motor Corp (NYSE: TM) disclosed a $3.6 billion capital investment to expand its San Antonio, Texas manufacturing campus. The expansion will add a second vehicle assembly line and is projected to create approximately 2,000 new jobs by 2030.
Production Shift
The company will transition production of its Tacoma midsize pickup truck from Toyota Motor Manufacturing Baja California in Mexico to the expanded San Antonio facility over roughly four years. The expansion adds 2.5 million square feet, effectively doubling the plant’s footprint, and will enable assembly of the Tacoma alongside the Tundra, Sequoia and rear‑axle components.
Facility Scale and Workforce
The San Antonio plant, which assembled more than 197,000 vehicles in the prior year and serves as the exclusive production site for the Tundra and Sequoia, will see its local workforce increase to about 6,000 employees, supported by 23 on‑site suppliers and their staff. Cumulative investment in the San Antonio site now totals $8.3 billion since its 2003 groundbreaking.
Corporate Employment in the United States
Toyota directly employs roughly 48,000 people across 11 U.S. manufacturing plants. The North Carolina plant began assembling automotive batteries for electrified vehicles in 2025.
Market Reaction
Following the announcement, Toyota shares fell as much as 2.6 % in after‑hours trading on Monday.
Executive Comment
President and CEO Ted Ogawa of Toyota Motor North America said the investment underscores confidence in the North American workforce, innovation and long‑term growth potential, and reflects a commitment to American manufacturing and sustainable job creation.