Market Chatter: Toyota Motor Plans $531.7 Million Investment in Texas-March 2024-www.financetom.com

Market Chatter: Toyota Motor Plans $531.7 Million Investment in Texas

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Market Chatter: Toyota Motor Plans $531.7 Million Investment in Texas

May 21, 2024 8:32 AM

11:13 AM EDT, 05/21/2024 (MT Newswires) -- Toyota Motor's ( TM ) Toyota Motor Manufacturing Texas unit is planning to invest $531.7 million in a new facility and possibly expand its existing plant in San Antonio, Texas, San Antonio Express-News reported, citing public record filings.

The Commissioners Court of Bexar County is scheduled to consider Tuesday whether to offer tax breaks and grants of about $14.9 million for the project, according to the report.

Toyota ( TM ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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