profishingrods.com
profishingrods.com November 22, 2017


Toyota, Mazda Narrow Down Locations for Shared Plant

15 November 2017, 12:12 | Dale Webster

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

Alabama is the other finalist for the $1.6 billion plant, and a decision is expected early next year, the newspaper reported.

Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint auto factory worth $1.6 billion, people familiar with the negotiations told Bloomberg.

Unsurprisingly, the price to land a new automotive plant is steep. MS was also seen as an early contender for the plant.

Toyota and Mazda are pressing for an incentive package valued at $1 billion or more for the factory that is such a hotly contested prize.

Tennessee, Texas and SC were in the running until recently, Bloomberg says.




"I think if it doesn't come, we've got a prime site, probably one of the best sites in North Carolina, that can attract an industry of some sort", said Liberty Mayor Filmore York.

By the time the plant opens in 2021, parts suppliers and other support operations would likely set up shop nearby, bringing more jobs. Mazda, which imports all the models it sells in the USA, plans to produce crossovers alongside Toyota Corolla compact cars at the new plant.

Scott Vazin, a Toyota spokesman, and Jeremy Barnes, who represents Mazda, both declined to comment.

Though Detroit is known as the Motor City, that designation doesn't appear to be enough to entice Toyota and Mazda to build its new jointly owned plant in MI.



Other News

Trending Now

Trump's New HHS Nominee Is a Former Pharma Executive
He also pointed to Eli Lilly raising drug prices by double digits while Azar was an executive at the company. Azar's nomination is sure to encounter more pushback.

#PMBINSE: Buhari conferred with chieftaincy titles in Ebonyi
The President gave the assurance while addressing stakeholders of the state at Government House Exco Chambers, in Abakaliki. Others present were former Secretary to the Government of the Federation, Anyim Pius Anyim former governor Sam Egwu.

India Home to 245000 Millionaires, Household Wealth at $5 Trillion
According to the Credit Suisse Global Wealth Report , the top 1 per cent are worth a total of $182trillion - about eight times more than the U.S. economy.

Arsene Wenger reveals his plans for life after Arsenal
And when asked if he would be in the dug-out at the 2022 World Cup in Qatar, Wenger was particularly coy on the subject. Arsenal, who trail City by 12 points in sixth, host Tottenham Hotspur in the north London derby on Saturday.

UN's General Assembly adopts Olympic Truce
The PyeongChang Olympics are slated to run from February ninth to 25th and the Paralympics from March ninth to 18th of next year. The theme of the General Assembly this year was "Focusing on People".

Myanmar Army again denies abuses against Rohingya
In a recent report, United Nations investigators said such violations may have constituted to crimes against humanity . But Tillerson, who has repeatedly condemned the violence, has stopped short of labeling it as ethnic cleansing .

What's Behind the Numbers For Federal Realty Investment Trust (NYSE:FRT)?
Brandywine Realty Trust (BDN) shares are up 0.97% for the week and that has got investors and traders sitting up and taking note. Alliancebernstein L.P. increased its ownership in Empire State Realty Trust Inc by 336,212 shares in its quarterly SEC filing.

Star Wars: Star Tours Debuting Multiple New 'The Last Jedi' Sequences
In typical Star Wars fashion, there won't be any plot details revealed ahead of the release of the film. There's also the fact that Rey is wearing red and seemingly took Kylo's hand in the film's trailer.

Soldiers take over Zimbabwe's national broadcaster; gunfire heard
ZANU-PF responded by accusing the commander of "treasonable conduct meant to disturb national peace and incite insurrection". Sibusiso Moyo, said the military expected "normalcy" to return as soon as the army had completed its "mission".

Bill Gates Invests $80 Million in Arizona Smart City
Gates' investment group, Cascade Investment , is putting $80 million towards the new community, according to the Arizona Republic. The city would be having eight thousand homes and the remaining land of three thousand and four hundred acres would be open land.