Saturday, 16 October 2021

B Business

JAPANESE AUTO GIANTS: Toyota and Mazda pick Alabama for $1.6bn US investment

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Japanese auto giants Toyota and Mazda have picked Alabama to build their new $1.6bn US factory, according to several reports.


The firms revealed last year that they planned a US joint venture, with production scheduled to begin in 2021.

At the time, President Donald Trump said the decision was "a great investment" in US manufacturing.

The choice for the factory location had reportedly been narrowed down to either Alabama or North Carolina.

One US media outlet reported that North Carolina missed out because it did not offer the supply-chain logistics the two firms required.


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