Alabama, North Carolina Finalists for New Toyota/Mazda Plant

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

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

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.

Toyota confirmed in August that the plans for the $1.6 billion joint auto factory will have an annual capacity of 300,000 units and create around 4,000 jobs for the area that is chosen.

Alabama is the other state still in the running to get the factory. Tennessee, Texas and SC were recently still in consideration, the people told Bloomberg. North Carolina, home to the tech triangle, does not now host an automotive plant. Mazda, which imports all the models it sells in the US, plans to produce crossovers alongside Toyota Corolla compact cars at the new plant.

It was believed following the initial announcement Toyota would build the plant relatively close to its Mississippi Corolla plant, and the company already makes engines at its Alabama manufacturing plant in Huntsville.

The companies are reportedly seeking $1 billion in incentives from state and local governments to land the plant, which would be more than 10 times the largest incentive deal North Carolina has ever awarded.

Along with the new factory, they will expand an existing product partnership that has Mazda now supplying the bigger Japanese maker with a compact sedan for the North American market.

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