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Economy
Toyota and Mazda pick Alabama for $1.6bn US investment - reports
2018-01-10
[BBC] Japanese auto giants Toyota and Mazda have picked Alabama to build their new $1.6bn (£1.2bn) US factory, according to several reports.
Graphic depicts Princeton, IN Toyota factory along US Route 41.
The firms revealed last year that they planned a US joint venture, with production scheduled to begin in 2021. At the time, President Donald Trump said the decision was "a great investment" in US manufacturing.

The choice for the factory location had reportedly been narrowed down to either Alabama or North Carolina. One US media outlet reported that North Carolina missed out because it did not offer the supply-chain logistics the two firms required.

The factory is expected to eventually produce 300,000 vehicles a year and employ about 4,000 people.

When contacted by the BBC, Toyota refused to confirm that Alabama had been selected, saying an announcement would be made "in early 2018". However US media was widely reporting a formal announcement would be made on Wednesday.

The auto industry is one area where President Trump has been pressuring overseas companies to do even more manufacturing in the US.
Posted by:Besoeker

#4  So, an agreement between Ford and Toyota, as Ford owns Mazda.
Posted by: ed in texas

Ford never owned more than 33.4% of Mazda (in the 1990s) and now has no interest in Mazda today since September 30, 2015, when Ford's shares had sunk to a little over 2% due to stock dilution, Ford sold its remaining shares in Mazda.

Ford-Mazda partership
Posted by: Seeking cure for ignorance   2018-01-10 16:25  

#3  ...oh, those Environmental statements and compliance with the clean up would just jack up the cost something frightful. Easier with untapped acreage.
Posted by: Procopius2k   2018-01-10 16:16  

#2  I'm surprised they didn't pick Detroit. Lots of vacant land and a skilled motivated union labor force.. Hell, you could even get an old auto plant for cheap, although you'd prolly have raze it an rebuild from the ground up.
Posted by: SteveS   2018-01-10 15:42  

#1  So, an agreement between Ford and Toyota, as Ford owns Mazda.
Posted by: ed in texas   2018-01-10 15:10  

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