Two automotive interior giants are teaming up with minority partners in joint ventures to supply Toyota Motor Corp.'s new Texas factory.
Southfield, Mich.-based Lear Corp. will make plastic components for the Toyota Tundra truck in San Antonio through its new Reyes Automotive Group, a joint venture with San Antonio businessman Fernando Reyes.
Johnson Controls Inc. of Plymouth, Mich., is creating Avanzar Interior Technologies Ltd., a joint venture with minority-owned SAT Auto Technologies Ltd. of San Antonio to make seats and other interior parts.
Neither firm would disclose details of the systems they will make or on-site production plans.
Both joint ventures will be among the 18 suppliers selected to build on the same property as Toyota's new Texas plant, announced during a Dec. 16 news conference in San Antonio. The companies will employ a combined 1,500 people beyond the 2,000 employees working directly for the carmaker.
The 18 companies will invest a total of $150 million in their plants - including a 100,000-square-foot operation for Reyes Automotive Group - in addition to the $800 million Toyota is spending in San Antonio. Production is to begin in the fall of 2006.