Toyota will invest in the new Tundra about $ 391 million

Toyota will invest in the new Tundra about $ 391 million

September 21, 2019 0 By autotimesnews

The company intends to invest $ 391 million in the development of the San Antonio plant, which produces pickups. A new generation of Toyota Tundra will be assembled there.

The manufacturer does not disclose details about what the funds will be allocated for, but notes that the investment was “a response to high demand from the client and will make the plant even more competitive in the long term so that it remains flexible in terms of producing several models and introducing advanced technology. “

In February, Jack Hollis, vice president and chief executive officer of Toyota North American Group, announced that the new generation of the Tundra will appear “in the near future. It is expected that the pickup will be presented next year. He should move to a completely new F1 platform, which will form the basis of all future Toyota pickups, including the next-generation Tacoma. Both models will also have greater potential for component sharing, which will help reduce costs.

According to rumors, the new Toyota Tundra will use a hybrid drivetrain, which will include a 3.5-liter turbocharged or twin-turbocharged V6, an electric motor and a lithium-ion battery. It will provide power of about 450 hp (336 kW) and a torque of 677 Nm.