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Japanese auto giant Toyota announced Tuesday that it will shift production of its mid-size Tacoma pickup truck from Mexico to the United States as part of a $3.6 billion investment in its Texas plant.
The automaker plans to build a second assembly line at its San Antonio factory, a move that will create more than 2,000 jobs and boost the plant’s annual production capacity by 150,000 units.
Toyota expects the new line to become operational in 2030, reinforcing its strategy to invest up to $10 billion in the U.S. over the next five years.
The decision closely follows Washington’s refusal to renew the North American trade pact with Mexico and Canada, a policy shift that fuels significant uncertainty for regional businesses.
As President Donald Trump raises tariffs on automobiles, steel, and aluminium, global automakers are increasingly moving manufacturing operations to the United States.
While the existing U.S.-Mexico-Canada Agreement remains legally active for another decade, Washington’s new policy of annual reviews has already dented investor sentiment, even as Toyota shares rose 1.3 per cent following the announcement.
