Toyota de México will invest 1.45 billion dollars in the country to strengthen the operations of its plants in Baja California and Guanajuato.
The investment, the company detailed, is destined for the production of a new generation of the Tacoma pick-up and the electric hybrid Tacoma.
The sum by the end of 2024 will have allowed the creation of more than 1,600 new jobs in the manufacturing plants in Baja California and Guanajuato.
“With this investment, which adds to the nearly 2 billion dollars that the company has invested during 22 years of presence in Mexico, Toyota strengthens its productive capacity, including the manufacture of electrified vehicles,” the company highlighted.
It added that the modernization of the plants for the production of the new generation of Tacoma will not only promote the production of more efficient and sustainable vehicles, but will also allow the integration of innovations that will optimize the consumption of resources and promote the reduction of CO2 emissions.
“At Toyota we believe in Mexico and in the importance of investments for the economic, environmental and social development of the country. With this announcement, Toyota has achieved the investment of more than 3 billion dollars in Mexico, a country that is essential for the regional competitiveness of North America,” said Luis Lozano, president of Toyota Motor de México.
“Certainty and stability are fundamental pillars for the automotive industry to continue being a key driver of national development, generating more and better jobs, developing talent and moving in an orderly manner towards electrification and new mobility challenges,” added Lozano.
The Secretary of Economy, Marcelo Ebrard, thanked the company for its confidence in the country and its commitment to economic, environmental and social development.
“The government of President Claudia Sheinbaum is committed to providing certainty and confidence to investors, and promoting, through investment, development with well-being in the country. We will continue working as she has asked us to attract more investment and generate quality jobs,” said the official according to a statement.
Source: forbes
