Toyota’s $3.6B Texas Power Play Could Jolt The Stock Out Of Its Bargain‑Bin Trap
Toyota Motor Corp. (NYSE: TM ) is making one of its biggest manufacturing bets in years. The Japanese automaker is investing $3.6 billion to expand its San Antonio, Texas, campus. With this, Toyota would add a second assembly line, create about 2,000 jobs and shift some Tacoma pickup production from Mexico to the U.S.