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Exclusive: Toyota, Mazda to build $1.6 billion plant in Alabama - sources

Reuters 

(Reuters) - will be the site of a new $1.6 billion Motor Corp <7203. T> and Motor Corp <7261.

T> auto plant, a victory for who had prodded manufacturers to build new U. S. facilities and threatened tariffs on foreign production, sources said on Tuesday.

The plant, which will employ up to 4,000 people and produce about 300,000 vehicles a year, will be located in Huntsville, Alabama, and is a boon for the state, where has a large engine and an existing network of automotive suppliers.

A formal announcement by company and state officials is expected on Wednesday in Montgomery, sources briefed on the matter said.

(Reporting by and Bernie Woodall; Editing by Sandra Maler)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 04:18 IST
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