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

Alabama North Carolina only two states left in running for future Toyota Mazda plant report says

Alabama North Carolina only two states left in running for future Toyota Mazda plant report says

About three months after announcing an extensive partnership, Toyota and Mazda have narrowed down the list of states where they could build their jointly owned factory.

Bloomberg reports Alabama and North Carolina are the final two states who are in the running to land the Toyota and Mazda plant, citing people familiar with negotiations. Tennessee, Texas and SC were recently still in consideration, the people told Bloomberg.

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.

Toyota confirmed in August that the plans for the $1.6 billion joint auto factory will have an annual capacity of 300,000 units and create around 4,000 jobs for the area that is chosen.

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.

According to a formal announcement earlier this year by the two companies, their alliance will be far reaching and will see Toyota acquire a 5% stake in Mazda, the smaller maker taking a stake in its new partner, as well.

Toyota's collaboration with Mazda goes beyond the shared plant. They'll also work together on connected-car systems, a collaboration that will include creating a new infotainment system. The two automakers will co-develop electric vehicles and safety technologies.

Rare 5.4-magnitude earthquake strikes South Korea
Former US Intelligence Heads Criticize President Trump Over Russia Comments