The news that Toyota and Mazda have chosen Alabama as this new plant's home highlights once again that our great state is open for business.
The joint venture represents a $1.6 billion investment that Mazda and Toyota plan to make with equal funding contributions.
Folsom who helped land Mercedes in Tuscaloosa County believes the Toyota-Mazda deal will add even more growth to Alabama's booming auto manufacturing industry which so far has produced almost 60,000 jobs and millions of vehicles. 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. Their decision to locate this new facility in Huntsville is a testament to the talented workforce in our state.
"We expect the new facility in Huntsville to act as a magnet for substantial new industry investment and job-creation."
Some reports say Toyota and Mazda were asking for an incentive package worth over a billion dollars.
Alabama's governor made it official on Wednesday: The southern state has won the competition to snag a massive Toyota-Mazda manufacturing plant, beating out North Carolina.
For Mazda, the plant comes on line in a significant year that marks the start of the company's second century of operation and second half-century of sales in the U.S. The automaker is enhancing its commitment to the U.S. market and will focus efforts on manufacturing and increasing sales in the country.More news: Dylan Farrow Wants To Know When Woody Allen's Time Will Be Up
The person didn't want to be identified because the decision hasn't been made public.
Following Pres. Donald Trump's tariff-tough talk in 2016, Toyota was grilled by the then-President-Elect via Twitter about moving manufacturing jobs outside the US, threatening crippling tariffs on automakers that didn't build new facilities in the states. "Starting from 2021, I'm confident that we run a highly competitive plant, by bringing together the expertise of Toyota and Mazda as well as the excellent Alabama workforce".
Japanese automakers Toyota and Mazda say they will build a joint factory in the USA state of Alabama.
"With this announcement, our world changes overnight", Battle said.
Alabama was already tied with Tennessee as the fifth-largest producer of vehicles in the country past year, according to the Center for Automotive Research, an industry think-tank in Ann Arbor, Michigan.
A Toyota auto plant employee at the automaker's Huntsville engine manufacturing plant..
Toyota has 10 US plants in eight states in an arc running from West Virginia through Kentucky, Indiana, Alabama, Mississippi and Texas.Toyota and Mazda announced a capital alliance in August and are exploring joint development of technologies for the basic structure of competitive electric vehicles. The area has many parts factories that provide products to the automakers.