Key facts
- Toyota is moving some Tacoma production from Mexico to Texas.
- The move is part of a $3.6 billion investment.
- The investment aims to add 150,000 units of annual capacity.
- The relocation is expected to create 2,000 jobs.
- The job creation and capacity increase are targeted by 2030.
- The primary goal is to reduce exposure to U.S. tariffs on vehicles from Mexico.
Toyota is set to transfer a portion of its Tacoma pickup truck production from Mexico to Texas, a significant operational adjustment backed by a substantial $3.6 billion investment. This strategic relocation is projected to enhance Toyota's manufacturing capabilities in North America, with plans to introduce 150,000 units of additional annual production capacity. The move is also anticipated to generate approximately 2,000 new jobs in Texas by the year 2030. A key motivation behind this decision is Toyota's desire to decrease its vulnerability to potential U.S. tariffs imposed on vehicles manufactured in Mexico. By shifting production, Toyota aims to streamline its supply chain and bolster its manufacturing presence within the United States, ensuring greater resilience against trade policy fluctuations and improving its competitive position in the North American market.