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Toyota Tundra Production Begins In San Antonio


Toyota Tundra
The plant's investment was originally estimated at $800 million, but grew to approximately $1.28 billion because of a capacity expansion for 50,000 more trucks; rising material costs, especially for steel; and additional infrastructure needed for the on-site suppliers.

Additionally, the 2,000-acre site houses 21 suppliers who produce parts and components and ship them directly into the plant. The on-site suppliers include seven minority-owned joint ventures, will employ 2,100 at full production, and have cumulatively invested approximately $300 million.

"As Toyota moves forward into a new era, this new plant is a dynamic symbol of our bright future," said Mr. Watanabe. "Here in Texas, we have assembled a great team of people, a great plant, and a great truck. Along with great people, this is one of the most advanced automotive plants on the earth. It has the latest in technology and is using the best production and environmental techniques learned from 60 plants we operate around the world."

"Today is the culmination of nearly four years of hard work and dedication by all the members of Team Texas," said Hidehiko "T.J." Tajima, president of TMMTX. "It would have been impossible to reach this day without the strong partnership of our team members, construction partners, suppliers, and all those in the government and community. We now begin the next stage in what will be a very long and very successful partnership with San Antonio, Bexar County and Texas."

"The full-size pickup truck market is, by far, the single-largest opportunity for Toyota's future growth plans in the U.S.," said Don Esmond, senior vice president of automotive operations, Toyota Motor Sales, U.S.A., Inc. "Thanks to this highly-efficient plant, the in-house suppliers and all the team members, we plan to take full advantage of that opportunity. The new Tundra will arrive in showrooms in February. Our production and sales goals are ambitious, yet realistic, and reflect our confidence in the product."

"When Toyota announced it would build a plant in Texas, it was the shot in the arm we needed to transform our economy and begin creating jobs in Texas again," said Texas Governor Rick Perry. "Today employment is at an all-time high, we have a record state surplus and the Texas economy is leading the nation. Toyota is an important part of the Texas economic revival because their investment means thousands of jobs and millions of dollars in wages for Texas families."

Toyota (NYSE:TM) established operations in North America in 1957. By 2008, Toyota will have the annual capacity to build about 2 million cars and trucks in 15 plants across North America. There are more than 1,700 Toyota, Lexus and Scion dealerships in North America, which sell more than 2.5 million vehicles a year. Toyota directly employs nearly 40,000 people in North America. Toyota's investment in North America is valued at more than $17.6 billion, and annual purchasing from North American suppliers totals more than $29 billion.

TruckSeries.com



Toyota Tundra Production Begins In San Antonio
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