Alabama 1 of 2 states in running to land Toyota, Mazda plant

Alabama 1 of 2 states in running to land Toyota, Mazda plant

Alabama and North Carolina are the final states in the running to win a prized Toyota and Mazda vehicle factory worth $1.6 billion, according to people familiar with the negotiations.

About three and a half months ago came the news that Toyota and Mazda are preparing to build a joint plant in the territory of the United States, but the location of production facilities has not yet been voiced.

Toyota's collaboration with Mazda goes beyond the shared plant.

North Carolina economic development officials do not, by policy, discuss the status of negotiations with prospective companies that might be considering the state to relocate or expand. As we previously reported, the factory should produce around 300,000 vehicles a year and create as many as 4,000 new jobs. Chairman Rid Pell said he hopes the land will be a draw for the potential plant. Tennessee, Texas and SC were recently still in consideration, the people told Bloomberg.

According to Bloomberg, the companies are asking for an incentive package valued at $1 billion.

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North Carolina has four "megasites" that have been built to accommodate large industry such as automotive or airplane.

Toyota plans to build the Corolla at the new site while Mazda said it will produce crossovers that it "will newly introduce to the North American market".

Both Toyota and Mazda declined to comment to Bloomberg about the claims.

The auto companies announced earlier this year that they were searching for a place to establish a plant that would manufacture 300,000 vehicles a year.

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