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Japanese automakers Toyota and Mazda have chosen the state of Alabama for a $1.6 billion joint-venture auto plant that is to begin operating by 2021 and eventually employ about 4,000 people, a person briefed on the decision said.
The manufacturing plant is to be built in the Huntsville area in Limestone County, said the person, who asked to remain anonymous because the site hasn't been officially announced. Officials in the Southern state said Alabama Gov. Kay Ivey is to make a major economic development announcement on Wednesday, but they declined to elaborate.
Alabama - North - Carolina - Finalists - Factory
Alabama and North Carolina apparently were finalists for the huge factory, which is expected to begin operating in 2021. It is to be able to build 300,000 vehicles per year and will produce the Toyota Corolla compact car for North America and a new small SUV from Mazda, the companies have said.
Toyota and Mazda are forming a capital alliance and splitting the cost for the plant equally. The Huntsville area already has a Toyota engine factory that employs nearly 1,500 people. The decision to pick Alabama is another example of foreign-based automakers building U.S. factories in the South. The companies have located there due largely to lower wages and to avoid the United Auto Workers union, which is stronger in Northern states.
Market - Toyota - Motor - Corp - Plan
After reassessing the market, Toyota Motor Corp. has changed its plan to make Corollas at a plant in Guanajuato, Mexico, now under construction, and instead will produce Tacoma pickups there, Toyota has said.
President Donald Trump had criticized Toyota...
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