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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 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 ToyotaCorolla 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.
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