
Toyota and Mazda Select Alabama for New Auto Factory
12 Feb, 2018
Alabama edged out North Carolina as the winner in a multi-state contest for a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion. The Japanese automakers have been narrowing the list of possible locations for months.
The shared factory Toyota and Mazda plan to open in 2021 is the new auto assembly plant to be announced under President Donald Trump, who has pressured Toyota and other car makers to make more of their vehicles in the U.S. During his November visit to Tokyo, Trump thanked executives from the two companies for their U.S. expansion plans.
It will be Toyota’s 11th assembly plant in the U.S. and the first since 2011. The automaker already has an engine factory in Huntsville, Alabama, and announced a $106 million upgrade to the facility in September.
To make way for the new plant, Toyota cut its planned investment in a facility in Guanajuato, Mexico, by 30 percent to $700 million. Trump had threatened Toyota in a tweet a year ago while president-elect to build Corolla cars in the U.S. instead of Mexico or face a “big border tax.”
To read more about the announcement, plans and implications, see the original article.
Related Posts
-
Silfab Solar Growing US Presence by Establishing Flagship Operation in York County, South Carolina
-
Governor DeWine, Lt. Governor Husted, Joby Aviation Announce Historic Manufacturing Site in Ohio
-
Gov. Pritzker and Gotion Announce New $2 Billion Electric Vehicle Battery Gigafactory in Kankakee County, Illinois
-
Governor Moore Announces New Conair Distribution Center to Bring 700 New Jobs to Washington County, Maryland
-
Vinfast Breaks Ground At North Carolina Electric Vehicle Facility
-
SunGas Renewables Chooses Rapides Parish, Louisiana for Proposed $1.8 Billion Clean Fuel Facility
-
Analog Devices Invests More Than $1 Billion in Semiconductor Facility Expansion in Oregon
-
Governor Cooper Announces CommScope to Add 250 New Jobs in $60 Million Investment for Fiber-Optic Cable Manufacturing Operations in Catawba County, North Carolina
-
New National Port Rankings Place Indiana No. 1 Among Inland Ports, No. 2 In Great Lakes Ports
-
Gov. Kemp: Automotive Supplier Hanon Systems to Create 160 New Jobs in Bulloch County, Georgia