Toyota, Mazda narrow choice for new factory
Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion, according to people familiar with the negotiations.
The automakers have been narrowing the list for weeks, knocking contenders that included Tennessee, Texas and South Carolina. Mazda and Toyota plan to announce their final choice by early next year, Akira Marumoto, Mazda’s executive vice president, told reporters in Tokyo earlier this month.
The shared factory, scheduled to open in 2021, is the first new auto assembly plant to be announced during the tenure of President Donald Trump, who has pressured Toyota and other carmakers to make more of their vehicles in the U.S. Westinghouse Electric Co. filed for bankruptcy earlier this year.