Toyota Motor Corp. is laying the groundwork to invest nearly $400 million into its pickup plant near San Antonio, Texas, to boost efficiencies in the production of its midsize Tacoma and full-size Tundra as part of an ongoing shift in its truck strategy.
Bexar County commissioners approved a request from the Japanese automaker for a 10-year, 80 percent tax abatement for the proposed investment in the 16-year-old Toyota Motor Manufacturing Texas body-on-frame plant on Tuesday. The San Antonio Express-News first reported the abatement request.
No final decision on the investment has been made by Toyota Motor North America, said Luisa Casso, a spokeswoman for the plant. A final decision is expected in late July or early August. No additional jobs at the plant are anticipated, but the investment would boost the plant’s capabilities through the installation of additional robotics and other technologies, she said.
Automotive News first reported in April that Toyota’s next-generation…