
Toyota: Toyota is moving production to Texas to help US build up auto industry
Toyota announced Monday that it is planning to move its manufacturing to Texas in 2018, to help build up the U.S. auto industry.
Toyota said the move is part of a broader shift to invest in the auto sector and boost its global manufacturing capabilities, as it looks to build on its momentum in China.
The automaker said it is investing $200 million in the plant, located in Texas’ San Marcos region.
Toyotas sales are expected to hit $5.5 trillion in 2021, and Toyota has said it plans to expand production of the Mirai in the United States.
Toyota said it will invest $2 billion in the Mirae plant, in addition to $100 million in expansion projects, in 2019.