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Toyota files for approval on $2bn Texas assembly line expansion
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Toyota Motor has filed for approval to add a new vehicle assembly line at its manufacturing complex in San Antonio, according to filings submitted to the Texas Comptroller of Public Accounts. The proposed development, identified as Project Orca, involves a planned investment of about $2bn and is expected to generate 2,000 jobs, several media reports said. Toyota’s San Antonio facility currently employs about 3,700 workers and produced around 197,500 vehicles in 2025. While the company already manufactures vehicles at the site, it has not disclosed which models would be assigned to the proposed assembly line. If the project proceeds, it would become Toyota’s sixth vehicle assembly plant in the US. Construction is expected to begin before the end of 2026, with completion targeted for 2029 and production scheduled to commence in 2030. The filing, as reported by several media outlets, shows that the investment includes $1.05bn allocated for buildings and property improvements, while machinery and equipment account for the remaining $950m. A spokesperson for Toyota in the US told Bloomberg that the company has nothing to add at the time, adding that “our production philosophy is to build where we sell and buy where we build”. “We regularly evaluate our manufacturing footprint to ensure we remain competitive and aligned with customer demand,” the company was quoted as saying. “This reflects our long-term commitment of investing in the North American region, local manufacturing/jobs, and suppliers.” In March, Toyota Motor North America announced plans to invest $1bn in its Kentucky and Indiana facilities to support the introduction of new products. Toyota said the spending forms part of the up to $10bn five-year investment programme announced last November. Last month, Toyota also announced plans to begin selling US-built Tundra pickup trucks and Highlander SUVs in Japan this year under a programme introduced earlier in 2026 that allows US-manufactured vehicles to be sold in Japan without undergoing Japan-specific certification testing. The Toyota Tundra and Highlander models are initially set to be offered through the Toyota Mobility Tokyo network before wider distribution across Japan later in the year. "Toyota files for approval on $2bn Texas assembly line expansion" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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