Toyota to invest $3.6 billion to move Tacoma pickup truck production from Mexico to Texas
Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico (cbsnews); Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico (reuters)
↓ Congress can act on this
4 bills on this issue are moving right now — and the most active one is HR3174: Made in America Manufacturing Finance Act.
HR3174 · 119th Congress
Made in America Manufacturing Finance Act
Where do you stand on this bill?
Takes about 60 seconds
About this bill
What HR3174 actually does
This story is about Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico. This bill would raise SBA loan limits for small manufacturers.
If passed, it would:
- Raise SBA loan limits for small manufacturers • Make it easier to finance plant expansion, fixed assets, and working capital tied to domestic production.
3 other bills moving on this issue
Take action on any of them individually.
This story is about Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico. This bill would support domestic plant buildouts and supplier upgrades that would pull production into the United States.
If passed, it would
- Expand financing capacity for small U.S. manufacturers • Support domestic plant buildouts and supplier upgrades that can pull production into the United States.
This story is about Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico. This bill would require a Commerce Department report on manufacturing and supply-chain resilience programs.
If passed, it would
- Require a Commerce Department report on manufacturing and supply-chain resilience programs • Require follow-on recommendations for legislative action.
This story is about Toyota, in $3.6 billion move, shifting Tacoma production to Texas from Mexico. This bill would create an enhanced tax deduction for wages paid by qualifying U.S. auto manufacturers.
If passed, it would
- Create an enhanced tax deduction for wages paid by qualifying U.S. auto manufacturers • Condition eligibility on domestic assembly/content thresholds and no transfer of production outside the United States.