February 4, 2003
Posted at: 10:00 p.m. CDT
SAN ANTONIO, Tex. -- Toyota Motors says it has picked San Antonio as the site for its next U.S. plant, investing $800 million for a truck assembly plant expected to employ about 2,000 people.
The plant will be Toyota's sixth vehicle production plant in North America. A site near Marion, Arkansas had been under consideration.
The company said in September that it hoped to add a production plant in North America near Mexico, where it is already building another plant set to begin production in about 2005.
The company said the 2,000-acre San Antonio plant will help Toyota keep pace with demand for light trucks in North America. It will build about 150-thousand Tundra pickup trucks a year from 2006.
Toyota has been considering another plant in North America to expand its highly profitable business in the region. Toyota has car assembly plants in Kentucky, Indiana, California and Canada.