Toyota, Mazda to build $1.6 billion plant in Alabama

This year, the two Japanese marques have announced that they will be building cars in the same facility for the joint-venture. “Congratulations Alabama!” he wrote.

Trump tweeted in March he desired “new plants to be built here for vehicles sold here”.

Rep. Jon Hardister, the state house majority whip from Guilford County, said that while legislators didn’t see the final tally of incentives the state would offer, “I feel certain we were prepared to step up in a major way”.

The Huntsville City Council on Thursday approved a $320 million local incentive package. The fact that Toyota and Mazda picked Alabama is indicative of the hard work and commitment Alabama has made to become the pacesetter in the automobile manufacturing industry. US new vehicle sales dropped 2 percent in 2017, after striking an all-time record high in 2016, and are anticipated to fall even more in 2018.

The move also bolsters Alabama’s reputation as being a hub of automotive manufacturing within the USA, producing the fifth largest number of cars across the US.

Employment in the automotive sector in Alabama now tops 57,000, with 25,000 jobs in the automotive supplier chains among more than 160 companies. “We now have as strong an economy as anybody in the United States, so obviously what we’re doing is working, whether it’s through huge companies, middle-sized companies or small companies”, said Collins, a Rocky Mount Republican.

“We are committed to becoming a “best-in-town company” in the city of Huntsville and the state of Alabama, a new hometown for Toyota and Mazda”. The site is 1,200 acres, and mostly farmland now, but will soon be home to a plant employing 4,000 people. Honda and Hyundai have since founded assembly plants in the state. A Kia Motors Corp assembly plant operates near the Alabama border in Georgia. “We’re giving them a portion of that back”, Canfield said. They announced a capital alliance in August and plan to jointly develop technology for electric vehicles. The changes she signed into law in May raised the annual state incentives cap to $300 million. And Toyota has an engine plant in the Huntsville area, near where it is planning to put the new facility.

Japanese automakers Toyota and Mazda are making an announcement about their new massive joint factory.

“North Carolina has a robust automotive parts industry, but they’re not necessarily where the sweet spot is for Toyota suppliers”, he said. He said the company has no additional announcements to make at this time.

Toyota hopes to break ground this spring after initially getting more than 100 proposed sites from 22 states.

The LCCTC has almost doubled its enrollment over the last five years, offering programs such as machining, automotive, design drafting and welding, all of which prepare students to fill high-skilled manufacturing positions at plants like Toyota and Mazda. This exciting investment in North Alabama not only comes with 4,000 new direct jobs, but also an economic impact that will be felt across the state for many years to come.