Toyota to ramp up Mexico pickup truck output for $150 million

September 14, 2016 8:20 PM EDT

A logo of Toyota Motor Corp is seen at the company's showroom in Tokyo, Japan June 14, 2016. REUTERS/Toru Hanai/File Photo


Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

TOKYO (Reuters) - Toyota Motor Corp <7203.T> said on Thursday it would spend about $150 million to ramp up production capacity of Tacoma pickup trucks in Mexico by more than 60,000 vehicles a year by 2018.

The expansion, at its Baja California factory, will add about 400 jobs and take annual production capacity to about 160,000 vehicles in late 2017 to early 2018, Toyota said in a statement.

(Reporting by Chang-Ran Kim; Editing by Stephen Coates)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Add Your Comment