About three months after announcing an extensive partnership, Toyota and Mazda have narrowed down the list of states where they could build their jointly owned factory. Alabama and North Carolina are the only two states left in the running, reports Bloomberg, citing unnamed sources familiar with the negotiations.
Tennessee, Texas, and South Carolina were among the more than dozen states linked to the factory. Toyota and Mazda are angling to receive an incentive package of at least $1 billion for the upcoming plant estimated to carry a value of $1.6 billion. As we previously reported, the factory should produce around 300,000 vehicles a year and create as many as 4,000 new jobs.
The shared facility is expected to open in 2021. Mazda will build crossovers at the plant, and Toyota intends to build the Corolla there.
Both Toyota and Mazda declined to comment to Bloomberg about the claims. Mazda executive vice president Akira Marumoto told reporters that the automakers will announce a final decision on the plant location by early next year.
Toyota’s collaboration with Mazda goes beyond the shared plant. The two automakers will co-develop electric vehicles and safety technologies. They’ll also work together on connected-car systems, a collaboration that will include creating a new infotainment system.
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