MEXICO CITY -- Toyota Motor is investing $1.45 billion in Mexico to ramp up output of vehicles for export to the U.S., the company has announced, though higher American tariffs under a second Trump administration could complicate its plans.
The Japanese automaker plans to expand existing plants in the states of Baja California and Guanajuato to boost production of the new Tacoma pick-up truck, including a plug-in hybrid version. It is also expected to create 1,600 jobs by the end of the year.
