Published: Wed, November 15, 2017
Research | By Raquel Erickson

Alabama, North Carolina Finalists for New Toyota/Mazda Plant

Alabama, North Carolina Finalists for New Toyota/Mazda Plant

Alabama is the other state still in the running to get the factory.

Alabama and North Carolina are the final states in the running to win a prized Toyota and Mazda vehicle factory worth $1.6 billion, according to people familiar with the negotiations.

Toyota's collaboration with Mazda goes beyond the shared plant. It said spokesmen for both auto companies declined to comment. As we previously reported, the factory should produce around 300,000 vehicles a year and create as many as 4,000 new jobs.

Unsurprisingly, the price to land a new automotive plant is steep.

Tennessee, Texas and SC were in the running until recently, Bloomberg says.

It was believed following the initial announcement Toyota would build the plant relatively close to its Mississippi Corolla plant, and the company already makes engines at its Alabama manufacturing plant in Huntsville.

It is worth mentioning that Toyota and Mazda are investing in the construction of a production site of about 1.6 billion dollars, and object input in operation is planned for 2021.

CBS North Carolina will update this story as it develops. Mazda and Toyota plan to announce their final choice by early next year, Akira Marumoto, Mazda's executive vice president, told reporters in Tokyo earlier this month. Mazda, which imports all the models it sells in the USA, plans to produce crossovers alongside Toyota Corolla compact cars at the new plant.

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