Toyota said in November it planned to invest as much as $10 billion<\/a> in the United States over the next five years.<\/p>\n Newly assembled vehicles are seen at a stockyard of the Toyota automobile plant in Tijuana, Mexico, in April 2017.\u00a0<\/p>\n Jorge Duenes\/REUTERS<\/p>\n The world’s largest automaker by vehicle sales, Toyota plans to build a second assembly line at its San Antonio factory, creating more than 2,000 jobs and increasing annual production capacity at the plant by 150,000 units, the company said in a statement<\/a>. <\/p>\n “The investment is aimed at further enhancing Toyota’s locally rooted and competitive production system,” the company said.<\/p>\n Toyota will also keep building some Tacoma trucks at its Guanajuato, Mexico, plant.<\/p>\n It produces Tundra SUVs and Sequoia pickups at its San Antonio plant and is on track to open a rear axle assembly facility on its Texas campus this fall.<\/p>\n Toyota and other major automakers are shifting production to the United States as President Trump raises tariffs on automobiles, steel and aluminum, among other items. <\/p>\n Global automakers — including U.S. companies — produce many vehicles in Mexico, among other countries, to benefit from various trade deals including the existing US-Mexico-Canada Agreement (USMCA).<\/p>\n “Toyota remains committed to its operations throughout the U.S., Canada, and Mexico, and encourages a quick resolution to USMCA to make the North American region globally competitive,” Toyota said as it announced its plans Monday. \u00a0<\/p>\n Although that pact remains in force for another 10 years, Washington said last week that the trade agreement will now be reviewed annually, a move expected to impact investor sentiment.<\/p>\n \n More from CBS News\n <\/p>\n \n Go deeper with The Free Press\n <\/p>\n![\"FILE](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/07\/2026-07-06t202650z-1119083521-rc2k8maaotz2-rtrmadp-3-toyota-usa.jpg#.jpeg\")
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