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Toyota, Mazda plan $1.6 billion US plant, to partner in EVs
TOKYO (AP) — Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. plan to spend $1.6 billion to jointly build auto manufacturing plant in the U.S. — a move that will create up to 4,000 jobs, both sides said Friday.
The plant will have an annual production capacity of about 300,000 vehicles, and will produce Toyota Corollas as well as a new Mazda crossover vehicle for the North American market.
Toyota wouldn't say where the plant would be built. But because the new plant will build the Corolla, chances are it will be located near Toyota's current Corolla plant in Mississippi to be close to parts supply companies. The companies expect the plant to begin operations by 2021.
Toyota said it changed its plan to make Corollas at a plant in Guanajuato, Mexico, now under construction, after reassessing the market. Instead it will produce Tacoma pickups there, Toyota President Akio Toyoda said.
President Donald Trump had criticized Toyota and other automakers for taking auto production and jobs to Mexico, saying vehicles for the U.S. market should be built by U.S. workers. Toyoda denied that Trump's views influenced his decision.
Trump welcomed the announcement in a tweet: "Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!"...
Trump warned we'd win so much that we'd get tired of winning. Well, I'm not tired yet!
TOKYO (AP) — Japanese automakers Toyota Motor Corp. and Mazda Motor Corp. plan to spend $1.6 billion to jointly build auto manufacturing plant in the U.S. — a move that will create up to 4,000 jobs, both sides said Friday.
The plant will have an annual production capacity of about 300,000 vehicles, and will produce Toyota Corollas as well as a new Mazda crossover vehicle for the North American market.
Toyota wouldn't say where the plant would be built. But because the new plant will build the Corolla, chances are it will be located near Toyota's current Corolla plant in Mississippi to be close to parts supply companies. The companies expect the plant to begin operations by 2021.
Toyota said it changed its plan to make Corollas at a plant in Guanajuato, Mexico, now under construction, after reassessing the market. Instead it will produce Tacoma pickups there, Toyota President Akio Toyoda said.
President Donald Trump had criticized Toyota and other automakers for taking auto production and jobs to Mexico, saying vehicles for the U.S. market should be built by U.S. workers. Toyoda denied that Trump's views influenced his decision.
Trump welcomed the announcement in a tweet: "Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!"...
Trump warned we'd win so much that we'd get tired of winning. Well, I'm not tired yet!