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Lear, JCI forming ventures for Toyota work

By Rhoda Miel, UK Akron Bureau San Antonio, Texas-Two automotive interior giants are teaming up with minority partners in joint ventures to supply Toyota Motor Corp.’s new Texas factory.Southfield, Michigan-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, Michigan, 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 company 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 1500 people beyond the 2000 employees working directly for the carmaker.The 18 companies will invest a total of $150 million in their plants-including a 9290-sq. m operation for Reyes Automotive Group-in addition to the $800 million Toyota is spending in San Antonio.”

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