Toyota, Mazda Narrow Down Locations for Shared Plant

2017 Toyota Corolla SE Front Three Quarter In Motion 04

Alabama and North Carolina are still in the running to be the home of a joint, Toyota/Mazda vehicle factory. There are two megasites in Chatham County, one in Edgecombe County and one on the Guilford-Randolph counties border.

Even with the 10-digit incentive package demand, 15 states jumped at the chance to secure the new plant and its thousands of jobs, including the usual suspects: Michigan, Ohio, Indiana, Texas, Mississippi, Illinois and SC, which are already home to several auto plans. He has pressured auto companies to make more of their vehicles in the U.S. On his recent trip to Tokyo, Trump thanked executives from Toyota and Mazda for planning 4,000 new jobs at the plant, Bloomberg said.

A Tennessee official confirmed last week that a site near Memphis had been taken out of the running. Mazda executive vice president Akira Marumoto told reporters that the automakers will announce a final decision on the plant location by early next year. The Jackson Sun newspaper quoted an economic development executive who said he believes North Carolina is the leading state with SC - not Alabama - the other contender. North Carolina is the sole other contender.

By the time the plant opens in 2021, parts suppliers and other support operations would likely set up shop nearby, bringing more jobs. 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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