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Toyota Meets U.S. Investment Goal One Year Early

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Toyota Motor Manufacturing Texas Employee
Photo: Toyota

Toyota has achieved its $13 billion U.S. investment goal a year early. Following one of President Trump’s Twitter diatribes, the Japanese automaker had, in January 2017, pledged to invest $10 billion in its U.S. operations over the next five years.


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The figure was later raised to $13 billion, but despite this, Toyota says it has successfully delivered on its pledge a year early — in addition to having created more than 6,500 new jobs. Below, you’ll find a simplified overview of the automaker’s key investments throughout America.

  • In January 2017, the automaker invested $600 million in its Princeton plant as part of a modernization project, creating 400 new jobs.
  • In April 2017, it invested $1.33 billion in its Georgetown plant to prepare it for advanced technologies and the Toyota New Global Architecture.
  • In July 2017, it completed its new regional corporate headquarters in Plano, Texas. This represented a $1 billion investment and created 1,000 new jobs.
  • In August 2017, it invested $800 million in a brand-new vehicle manufacturing facility shared with Mazda, creating approximately 4,000 new jobs.
  • In September 2017, it invested $373.8 million and created 50 new jobs across various manufacturing plants to support the production of its TNGA hybrid powertrain.
  • In April 2018, it invested $170 million in its Blue Springs plant to prepare for the 12th-generation Corolla, creating 400 new jobs.
  • In March 2019, it invested $750 million and created 600 new jobs across various plants to expand their vehicle and unit capacities.
  • In September 2019, it invested $391 million for further TNGA upgrades at its San Antonio plant.
  • In January 2020, it invested $700 million and created 150 new jobs at its Princeton plant to complete the modernization project started three years prior and to add 40,000 units of vehicle capacity.

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Toyota’s U.S. investment also includes $5.9 billion in supplier tooling, research and development, and general plant upgrades, as well as $1 billion in the Toyota Research Institute.

“Our commitment to the U.S. market is unwavering, and we are underscoring this point today with the completion of a $13 billion investment and over 6,500 new jobs since 2017 as we focus on advancing electrification and improving mobility for more Americans,” said Ted Ogawa, CEO of Toyota Motor North America.