Toy­ota, Mazda nar­row choice for new fac­tory

The Columbus Dispatch - - Market Summary -

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.

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