Toyota, Mazda Narrow Down Locations for Shared Plant

NC is one of two states still in running for Toyota-Mazda plant, reports news service

Bloomberg, via Automotive News, reports that sources close to the negotiations say the competition for the future Toyota-Mazda manufacturing plant is down to two states.

About three and a half months ago came the news that Toyota and Mazda are preparing to build a joint plant in the territory of the United States, but the location of production facilities has not yet been voiced.

The Japanese automakers announced the plans for the new plant in August, saying the move will create 4,000 jobs.

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.

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. Toyota and Mazda are angling to receive an incentive package of at least $1 billion for the upcoming plant estimated to carry a value of $1.6 billion. Mazda, which imports all the models it sells in the US, plans to produce crossovers alongside Toyota Corolla compact cars at the new plant. It said spokesmen for both auto companies declined to comment. The plant will be able to produce 300,000 vehicles annually, and both companies hope to start operations in 2021.

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