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Toyota, Mazda confirm $1.6 billion plant for Alabama

Reuters  |  MONTGOMERY, Alabama 

By David ShepardsonMONTGOMERY, Alabama (Reuters) - Toyota Motor Corp and Mazda Motor Corp confirmed Wednesday they will build a $1.6 billion joint venture assembly plant in Alabama that will employ up to 4,000 workers, a boost for President Donald Trump who wants automakers to expand U.S. production.Toyota President Akio Toyoda and Mazda President and Chief Executive Officer Masamichi Kogai were joining Alabama Governor Kay Ivey in Montgomery at an event to confirm the decision, the companies said.The plant, which will produce 300,000 vehicles a year, is set to open on a 2,500-acre site in ...

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First Published: Thu, January 11 2018. 01:33 IST