Toyota Picks Texas For New Truck Plant

Jan. 13, 2005
By Agence France-Presse Japanese automaker Toyota Motor Corp. said Feb. 5 that it had chosen San Antonio as the site for a new assembly plant for its full-size Tundra pick-up truck. The automaker plans to build 150,000 units a year at the Texas plant ...
By Agence France-Presse Japanese automaker Toyota Motor Corp. said Feb. 5 that it had chosen San Antonio as the site for a new assembly plant for its full-size Tundra pick-up truck. The automaker plans to build 150,000 units a year at the Texas plant by the end of 2006, more than doubling North American production of the Tundra to about 250,000 units. The automaker already produces in excess of 100,000 Tundras at its Indiana plant. The Japanese automaker already has four vehicle assembly plants in North America producing a range of vehicles from its best-selling Camry sedan to the Tacoma pick-up and its crossover sport-utility, the Matrix. The new plant represents an $800 million investment and is expected to bring approximately 2,000 new jobs to Texas. By 2006, Toyota will employ some 35,000 people throughout North America, and with Wednesday's announcement, its direct investment tops $14 billion, the company said. Toyota sold 1.75 million new vehicles in the United States in 2002, giving it a market share of 10.4%. From its corporate headquarters in Tokyo, the company also announced Feb. 5 that net profit almost doubled in the third quarter from the same quarter a year ago to 216.1 billion yen (US$1.8 billion) from 111.5 billion yen a year earlier. Copyright Agence France-Presse, 2003

Popular Sponsored Recommendations

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Disruptive EV Technologies Are Driving New Supplier Realities

Sept. 20, 2023
Vehicle electrification is upending the automotive landscape, forcing suppliers to make critical strategic and operational decisions. Understand what that means for you in our...

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!