Toyota shifting Tacoma manufacturing to Mexico because it invests $13B US

HomeMarket

Toyota shifting Tacoma manufacturing to Mexico because it invests $13B US

2020 Toyota Tacoma TRD ProfessionalSupply: ToyotaDETROIT – Toyota Motor will shift all manufacturing of the Tacoma midsize pickup from Texas to Mex


2020 Toyota Tacoma TRD Professional

Supply: Toyota

DETROIT – Toyota Motor will shift all manufacturing of the Tacoma midsize pickup from Texas to Mexico because it restructures its North American footprint and invests $13 billion in U.S. manufacturing operations by means of subsequent yr.

Toyota says no U.S. jobs shall be misplaced on account of the change, which additionally consists of bringing the Sequoia SUV to the San Antonio plant by 2022. The Texas plant, which additionally assembles the Tundra full-size pickup, has produced the Tacoma since 2010.

The introduced shift comes a month after Toyota began Tacoma manufacturing at a brand new plant in Central Mexico along with one other Mexican plant in Tijuana that has been producing Tacoma pickups since 2004. Tacoma manufacturing on the new plant in Mexico had previously been announced, nevertheless not Toyota’s plans to finish Tacoma manufacturing in Texas.

Toyota’s manufacturing plans come a day after the U.S. Senate approved the United States-Mexico-Canada Agreement, sending one in every of President Donald Trump’s high priorities to his desk for ratification. Trump, through Twitter, criticized Toyota two years in the past for its plans to construct the plant in Mexico, which on the time was anticipated to supply Corolla vehicles.

Months after the tweet, Toyota introduced it had altered these plans to supply Corollas at a new jointly-operated plant with Mazda in Alabama and use the brand new…



cnbc.com