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techkenyot.com November 17, 2017


Alabama, North Carolina Finalists for New Toyota/Mazda Plant

15 November 2017, 03:13 | Glen Norman

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

Bloomberg News, citing "people familiar with the negotiations", reported Tuesday that Alabama is the other finalist for the $1.6 billion vehicle factory that would employ 4,000.

North Carolina is a finalist for a long-sought automotive plant to be built by Toyota and Mazda, according to multiple reports.

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The automakers have been narrowing the list for weeks, knocking out nearly a dozen other contenders that until recently included Tennessee, Texas and SC, the people said. The other three mega-sites are near Siler City and Moncure in Chatham County and east of Rocky Mount in Edgecombe County. The other state is Alabama.

Alabama. South Carolina. It doesn't matter. Toyota plans to assemble the Corolla sedan at the plant, while Mazda said it will use the factory to produce new crossover vehicles for the US market.

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The Toyota-Mazda plant would employ about 4,000 people, the companies said in August when they first announced plans for the joint operation. Whatever the competition, North Carolina keeps surfacing as a finalist.

The two auto giants plan to announce the site by early next year, according to Akira Marumoto, Mazda's executive vice president, who was quoted in Tokyo earlier this month.

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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. The two companies reportedly want $1 billion in tax breaks and other incentives for the privilege of being the home of the newest transplant facility.



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