Toyota, Mazda to Open Joint Car Factory Worth $1.6B

Order Reprints

Jan. 17, 2018—Toyota Motor Corp. and Mazda Motor Corp are set to partner to open a car factory in Alabama.

The shared factory, which will be located in the Huntsville area, is set to open in 2021 and will be Toyota’s 11th assembly plant in the U.S., its largest market.

The new factory should help Toyota and Mazda hedge currency risks, Bloomberg noted. The automakers have promised to create as many as 4,000 jobs at the facility, which will be capable of making 300,000 vehicles per year. In addition to direct employment, the new factory figures to create thousands of related jobs.

“This is indeed a great day in Alabama,” Gov. Kay Ivey said at an announcement press conference last Wednesday, the New York Times reported.

Recommended Products

2016 Ratchet+Wrench Shop Technology Survey: Complete Report

2017 Ratchet+Wrench Shop Technology Survey: Complete Report

2016 Ratchet+Wrench Shop Performance Survey: Complete Report

Related Articles

Mazda, Toyota Establish Joint Venture Company

Toyota, Mazda Team Up for Electric Car Tech

Mazda Announces New CEO

You must login or register in order to post a comment.