SA loses out on new Toyota-Mazda factory, AP source says

BREAKING Toyota Mazda plant to be built in Alabama

SA loses out on new Toyota-Mazda factory, AP source says

Governor Ivey, speaking at an event in Alabama's capital city, welcomed the automakers to the state and said she looks forward to a long-lasting relationship that will spark a ripple effect of other investment and employment through automotive suppliers.

The joint venture represents a $1.6 billion investment that Mazda and Toyota plan to make with equal funding contributions.

The plant will be located near Huntsville. 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.

Akio Toyoda, president of Toyota Motors, said the new facility is something of a homecoming since the company already has one plant in the state.

A year ago, President-elect Trump criticized Toyota and threatened hefty tariffs against the Japanese automaker if it built its Corolla sedan for the USA market in Mexico.

"Mazda makes cars with a clear vision of how we want to inspire people, contribute to society and help preserve the beauty of the Earth".

Alabama and North Carolina were finalists for the plant that will eventually employ about 4,000 people.

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.

When Toyota and Mazda announced their joint venture in August a year ago, Trump took to Twitter to praise the Japanese automakers for their American-centric decision. "I'd like to express our honest appreciation for the people of Alabama and Huntsville for their support", said Masamichi Kogai, CEO and president of Mazda Motor Corporation. "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".

Alabama Gov. Kay Ivey and company executives made the announcement in a Wednesday news conference.

Toyota has 10 existing US factories, including an engine plant in Huntsville and two other facilities nearby in Mississippi.

With this announcement, our world changes overnight. "It vaults Alabama to the top as an industry leader in producing the next generation of cars that will power our nation".

A Toyota automaker employee moves an engine at the Toyota engine assembly line in Huntsville, Alabama November 13, 2009.

Toyota and Mazda say annual production at Huntsville will be split evenly between the two automakers.

Alabama will be the site of a new $1.6 billion Toyota Motor Corp and Mazda Motor Corp auto plant, a victory for President Donald Trump who had prodded manufacturers to build new USA facilities and threatened tariffs on foreign production, sources said on Tuesday.

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