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etvfutures.com November 22, 2017


Toyota, Mazda Narrow Down Locations for Shared Plant

15 November 2017, 12:13 | Lucia Cruz

REPORT: Alabama could be home to Toyota/Mazda plant

NC is one of two states still in running for Toyota-Mazda plant, reports news service

- North Carolina is one of two finalists for a vehicle manufacturing plant that would be jointly owned and operated by Toyota and Mazda, according to a Tuesday report in industry newspaper Automotive News.

The chances for Alabama to be the new home of a $1.6 billion joint auto factory appear to be increasing, according to a new report.

Out of all the states that were considered, only Alabama and North Carolina remain in the running.

A Toyota spokesman declined to comment.

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Randolph County is in the process of expanding its site by rezoning 370 acres to add to the 1,500 acres that comprise the site.

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. Chairman Rid Pell said he hopes the land will be a draw for the potential plant. North Carolina, home to the tech triangle, does not now host an automotive plant.

By the time the plant opens in 2021, parts suppliers and other support operations would likely set up shop nearby, bringing more jobs. Mazda and Toyota plan to announce their final choice by early next year, Akira Marumoto, Mazda's executive vice president, told reporters in Tokyo earlier this month.

North Carolina economic development officials do not, by policy, discuss the status of negotiations with prospective companies that might be considering the state to relocate or expand.



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