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Toyota and Mazda seek $1 bn for US plant

The Japanese carmakers have positioned themselves to drive a hard bargain with states by pledging to create as many as 4,000 jobs


Toyota Motor and Mazda Motor are pressing for an incentive package of at least $1 billion from US states trying to land their $1.6 billion joint car factory, according to people familiar with the negotiations. Toyota and Mazda plan to brief their boards on a short list of states contending for the plant in the coming weeks and announce a final selection by the end of year, said the people, who asked not to be identified because the talks are private. Scott Vazin, a Toyota spokesman, and Jeremy Barnes, who represents Mazda, both declined to comment. The tax breaks and other ...

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First Published: Sun, October 15 2017. 01:05 IST