Mazda pick 'sweet home Alabama' over NC for $1.6B plant

BREAKING Toyota Mazda plant to be built in Alabama

"This is indeed a great day in Alabama", Ivey said.

When Toyota-Mazda announced the joint venture and its plans to locate the plant in the USA, state officials made a huge push for the project, which is expected to eventually employ 4,000 people and generate a $1.6 billion investment. But the automakers settled on Alabama following negotiations with local government.

I am extremely proud that Huntsville was selected by Toyota and Mazda for the joint auto production plant.

North Carolina was a finalist fro the 4,000-employee plant, where Toyota plans to assemble the Corolla sedan, while Mazda said it will use the factory to produce new crossover vehicles for the USA market.

Dziczek said that Alabama in 2017 was tied for fifth among USA states in auto production, at 9 percent with Tennessee.

The partnership between Toyota and Mazda will expand innovative automotive manufacturing in Alabama. This exciting investment in North Alabama not only comes with 4,000 new direct jobs, but also an economic impact that will be felt across the state for many years to come.

And Toyota has an engine plant in the Huntsville area, near where it is planning to put the new facility. US new vehicle sales fell 2 percent in 2017, after hitting an all-time record high in 2016, and are expected to fall further in 2018.

It will be able to build 300,000 vehicles per year and will produce the Toyota Corolla compact auto for North America and a new small SUV from Mazda, the companies have said. Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold more than 2.6 million cars and trucks (2.4 million in the U.S.) in 2017 - and about 85 percent of all Toyota vehicles sold over the past 15 years are still on the road today.

If Wednesday afternoon's announcement wasn't official enough, it's now received the President Trump tweet stamp of approval. Toyota said it would shift production of Corollas from Canada to the new venture rather than in Guanajuato, and would build Tacoma pickups in Mexico instead.

Mazda Motor Corp. President and Chief Executive Officer Masamichi Kogai and Toyota Motor Corp.

Trump has made it a priority in his presidency to bring industry that had shipped jobs overseas back to the United States as well as building up domestic job opportunities.

There will be two production lines, which are expected to have an annual capacity of some 300,000 units.

Over the last 30 years Toyota and other automakers from Germany and other parts of Asia have built a second auto industry in the United States.

USA states covet auto assembly plants because they typically pay above-average wages and spin off jobs at suppliers and service companies. These states generally have good transportation infrastructure, business-friendly regulators and anti-union politicians.

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