Toyota's official announcement updated the investment, facility expansion and job creation figures from earlier industry estimates. The expansion will allow Toyota to assemble the Tacoma alongside the Tundra and Sequoia while supporting production with a new rear axle plant that is nearing startup.

“Toyota’s continued investment in North America is a testament to our confidence in the region’s workforce, innovation and long-term growth potential,” said Ted Ogawa, president and CEO of Toyota Motor North America. “By expanding our San Antonio plant, we are deepening our commitment to American manufacturing, creating meaningful and sustainable jobs, while advancing our mission to deliver high-quality vehicles that meet the changing needs of customers today and into the future.”

Toyota said the investment will increase manufacturing flexibility through advanced manufacturing technologies while strengthening its North American production network.

The company has invested a total of $8.3 billion in its San Antonio operations since breaking ground on the site in 2003. Once the expansion is complete, the campus will employ approximately 6,000 Toyota team members, supported by 23 on-site suppliers.

Toyota also reaffirmed its commitment to manufacturing across the United States, Canada and Mexico, while encouraging a timely resolution to the U.S.-Mexico-Canada Agreement to maintain North America's global competitiveness.