Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas

Toyota Motor said it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from Mexico to Texas.

The San Antonio plant currently produces the Toyota Tundra full-size pickup truck, including a hybrid variant, and the Toyota Sequoia SUV hybrid.

The automaker said last year that it plans to invest up to $10 billion more than previously expected by 2030 in the United States.

Toyota Motor on Monday announced that it is investing $3.6 billion to move production of the Tacoma midsize pickup truck from a plant in Mexico to its San Antonio, Texas, manufacturing campus.

The investment is expected to create 2,000 U.S. jobs at the facility, add a second vehicle assembly line and roughly double the size of the 2.7-million-square-foot plant by 2030, the automaker said.

It will expand the plant's annual capacity from roughly 200,000 to 350,000 units, Toyota said.

The announcement is part of Toyota's stated plans to invest up to $10 billion more than previously expected domestically in the U.S. through 2030.

A Toyota spokeswoman said the company is "maintaining its operations in Mexico" as Tacoma production transfers from Tijuana to Texas over the next four years, but she declined to share additional details.

The company plans to continue to produce Tacoma pickups at another Mexican plant in Guanajuato, she said.