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Toyota Won' t Let Detroit Rule America' s Truck Market

Sep. 19, 2019 12:25 PM ET by Ian Wright Trucks / 2 Comments Long-term competitiveness is Toyota's goal. Toyota takes its trucks very seriously, and its reputation for building robust and reliable trucks over the decades has paid off well. Toyota's plan right now is to invest $13 billion into its US operations through 2021, and part of that involves investing $391 million in its San Antonio assembly plant in Texas to improve the site's manufacturing of Tundra and Tacoma pickup trucks with technological advancements. "We've been in the US 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 Toyota executive Chris Reynolds in a statement. Toyota It looks like Toyota and San Antonio have both got themselves a win-win in the deal. Toyota gains a $9.7 million incentive package from the city that includes a 100% tax abatement on new property taxes through 2027 and more than $600,000 in water infrastructure improvements. In return, the San Antonio Economic Development Foundation has estimated the total economic impact of the investment from Toyota could be in excess of $10 billion while creating over 40,000 new jobs through the next decade. San Antonio Mayor Ron Nirenberg called the investment a "huge win" for the city. Toyota Toyota Toyota Toyota's investments in the San Antonio truck plant since 2003 is now in excess of $3 billion. There are no new jobs initially linked to the investment, but there's good news for the San Antonio suburb of Cibolo as well. One of Toyota's suppliers in Texas, Aisin AW, is now set to invest $400 million there and create 400 new jobs in the process. This strengthens Toyota's footprint in the US even more. "With 10 US 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," Chris Reynolds, Toyota Motor North America's chief administrative officer of manufacturing and corporate resources, observed.
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Toyota Tacoma Toyota Tundra Ian Wright Associate Editor After working his way through several loosely related careers, Ian finally took the hint and became an automotive journalist and photographer. He spent a few years freelancing before joining up with CarBuzz to combine his love of writing, photography, and cars into one neat package. When Ian is not staring down a lens or into a computer screen writing reviews and features, you can find him in Southern California enjoying winding mountain and canyon roads. If you can’t find him, he’s probably off-roading in the desert. Contact Ian @BothHandDrive @BothHandDrive LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top