Published: Wed, November 15, 2017
Science | By Hubert Green

Toyota, Mazda Narrow Down Locations for Shared Plant

Toyota, Mazda Narrow Down Locations for Shared Plant

Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint vehicle factory worth $1.6 billion, people familiar with the negotiations told Bloomberg.

The other state is Alabama. They said it would create up to 4,000 jobs and entail an investment of $1.6 billion. Representatives of both companies do not comment on the data, however, insiders claim that experts brands abandoned the idea to build a plant in Texas, Tennessee and SC.

The Randolph County Planning Board voted in the affirmative Tuesday night on a rezoning request that would add 370 acres to the 1,500-acre mega-site south of Greensboro.

A Toyota spokesman declined to comment. Chairman Rid Pell said he hopes the land will be a draw for the potential plant. Mazda executive vice president Akira Marumoto told reporters that the automakers will announce a final decision on the plant location by early next year. North Carolina, home to the tech triangle, does not now host an automotive plant.

The other three mega-sites are near Siler City and Moncure in Chatham County and east of Rocky Mount in Edgecombe County.

Though Detroit is known as the Motor City, that designation doesn't appear to be enough to entice Toyota and Mazda to build its new jointly owned plant in MI.

According to recent reports, the plant will be built in North Carolina or in Alabama.

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