Toyota Motor Corp. and one of its top suppliers will invest a combined $791 million in Texas to build next-generation pickups as part of a drive to boost output in the U.S. and ease trade tensions with the Trump administration.
The announcement Toyota is plugging $391 million into its San Antonio truck factory comes six months after the automaker pledged to shell out an additional $3 billion on its U.S. operations by 2021, a move seen as an effort to head off threatened U.S. tariffs on vehicles imported from Japan. That was on top of an earlier $10 billion pledge Toyota made shortly before President Donald Trump took office.