Economic review

Automakers Toyota, Mazda to build joint plant in U.S.

2018-01-11 14:03:00 (Beijing Time)         Xinhua

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Japanese automakers Toyota and Mazda announced Wednesday an investment of 1.6 billion U.S. dollars for their new joint manufacturing plant in southeastern U.S. state of Alabama.

The plant, to be built in the city of Huntsville, is expected to open in 2021 and is capable of making 300,000 cars a year while creating up to 4,000 jobs, the two companies said.

Akio Toyoda, president of Toyota Motor Corp., said he was confident that the plant would be a "built-in-America success story."

The joint plant will be the company's 11th U.S. manufacturing facility and represents its continued commitment in the country.

Alabama Governor Kay Ivey noted that the two companies' plan "will expand innovative automotive manufacturing," adding that "We are proud that this partnership puts Alabama on the forefront of technology in this dynamic global industry."

Alabama is the fifth largest producer of cars and light trucks in the United States. With more than 150 Tier one and two automotive suppliers as well as automakers, there are approximately 57,000 automotive manufacturing jobs in the state.

The two Japanese automakers announced in August that they would build a new joint plant in the United States. In the fall out of the announcement,about a dozen of U.S. states were in hot pursuit to win the project.

Toyota said the new plant had nothing to do with pressure from U.S. President Donald Trump, who criticized the automaker in January last year for setting up a new plant in Mexico to make cars for the North American market.