As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the United States for where to put the first auto assembly plant announced under President Donald Trump, one state looks like a frontrunner: Mississippi.
The Magnolia State already is home to a Corolla factory that’s been producing the compact car for almost six years.
Toyota and Mazda plan to open a $1.6 billion new facility to produce that model, plus a Mazda crossover, starting in 2021.
A head-start on a supplier network would be particularly attractive for Mazda, which doesn’t have a U.S. plant.
Standing ReadyFormer Governor Haley Barbour and local governments lured Toyota to Mississippi with a $358.5 million incentive package in 2007.
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Toyota & Mazda plan a $1.6-billion United States plant that could create 4,000 jobs
Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. said Friday they plan to spend $1.6 billion to set up a joint-venture auto manufacturing plant in the U.S. — a move that may create up to 4,000 jobs.
The plant is to have an annual production capacity of about 300,000 vehicles, and produce Toyota Corollas for the North American market.
Toyota said that it changed its plan to make Corollas at a plant in Guanajuato, Mexico, now under construction, and instead will produce Tacoma pickups there.
Mazda, which makes the Miata roadster, will acquire $455 million worth of Toyota shares, the equivalent of a 0.25% stake.
Toyota already provides hybrid technology to Mazda, which makes compact cars for Toyota at its Mexico plant.
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Toyota & Mazda to build $1.6 billion assembly plant in United States and partner on electric cars
(Courtesy of Toyota)Toyota and Mazda corporations announced plans on Friday to build a $1.6 billion assembly plant in the United States and work together to develop electric car and advanced safety technologies.
Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs.
— Donald J. Trump (@realDonaldTrump) August 4, 2017Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY!
Build plant in U.S. or pay big border tax.
“They could have revamped that plant in Mexico to allow for Mazda to produce there as well, or future electric vehicles.
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collected by :Edison Noah
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