MEXICO CITY, June 8 (Reuters) - Japanese carmaker Toyota (7203.T) will invest a further $328 million in a plant in the central Mexican state of Guanajuato, it said on Thursday, as it looks to adapt its production processes for a new hybrid model of its Tacoma pickup truck.
"The new version of the 'Mexican pickup' will be hybrid electric, which means Guanajuato will now form part of the company's electrification production strategy," Toyota said in a statement.
The funds are set to help adapt manufacturing for the new Tacoma model for a North American market, it added.
Toyota has invested close to $1.2 billion in Guanajuato since it announced the plant, it added, saying the factory currently provides more than 2,500 jobs.
Reporting by Sarah Morland and Kylie Madry; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.
Persons:
Diego Sinhue, Tesla, Sarah Morland, Kylie Madry, Brendan O'Boyle
Organizations:
MEXICO CITY, Toyota, Tacoma, Thomson
Locations:
MEXICO, Mexican, Guanajuato, American, Japan, Mexico, United States, Nuevo Leon