Toyota (TM) to Make $531M Investment in Texas Truck Plant
TMToyota(TM) zacks.com·2024-05-23 00:46

Toyota Motor Corporation (TM) is planning to invest $531 million in its truck manufacturing facility in Texas. With this investment, the company aims to improve the production of vehicle components at the facility that assembles the Toyota Tundra and Toyota Sequoia. The project is expected to create 411 jobs and could span more than 500,000 square feet of new space. The proposal awaits Bexar County’s approval and highlights the company’s plans and potential community benefits. Bexar County is contemplating ...