Alabama 1 of 2 states in running to land Toyota, Mazda plant

Pablo Tucker
November 15, 2017

As previously reported, the company Toyota will produce at the new plant sedan Toyota Corolla, while Mazda has not yet decided on the model line, but plans to give preference to crossovers.

Toyota's collaboration with Mazda goes beyond the shared plant. They said it would create up to 4,000 jobs and entail an investment of $1.6 billion.

The other state is Alabama.

Unsurprisingly, the price to land a new automotive plant is steep. Until recently, other states still under consideration for the factory were Tennessee, Texas and SC. Toyota and Mazda are angling to receive an incentive package of at least $1 billion for the upcoming plant estimated to carry a value of $1.6 billion.

"I think if it doesn't come, we've got a prime site, probably one of the best sites in North Carolina, that can attract an industry of some sort", said Liberty Mayor Filmore York.

Expected to begin production in 2021, the plant likely pleased President Donald Trump, who pressured Japanese makers during his recent Asian tour to build more vehicles in the U.S. He's often criticized Toyota for its plans to expand its Mexican operations, which it cancelled recently.

The auto companies announced earlier this year that they were searching for a place to establish a plant that would manufacture 300,000 vehicles a year. Toyota will began producing a new "two-box van" for sale by Mazda in Japan.

Other reports by iNewsToday