Trump celebrates Toyota-Mazda decision to pick Alabama

Trump celebrates Toyota-Mazda decision to pick Alabama

Trump celebrates Toyota-Mazda decision to pick Alabama

"This is indeed a great day in Alabama", Ivey said.

A Toyota automaker employee moves an engine at the Toyota engine assembly line in Huntsville, Alabama November 13, 2009. Toyota and Mazda, thank you so much.

The new plant will employ some 4,000 people, with Toyota planning to produce Corolla compact cars and Mazda small- to medium-sized sport utility vehicles.

Alabama is one of more than 20 USA states that bid to host the plant. "It vaults Alabama to the top as an industry leader in producing the next generation of cars that will power our nation". This exciting investment in North Alabama not only comes with 4,000 new direct jobs, but also an economic impact that will be felt across the state for many years to come. Many automakers have announced expansions of facilities or new jobs but no other new US auto plants have been announced.

Toyota has 10 existing USA factories, including an engine plant in Huntsville and two other facilities nearby in Mississippi.

President Donald Trump had criticized Toyota for taking auto production and jobs to Mexico.

If Wednesday afternoon's announcement wasn't official enough, it's now received the President Trump tweet stamp of approval.

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In announcing plans for a new plant in August, Toyota said it would shift production of Corollas from Canada to the new venture rather than in Guanajuato and would build Tacoma pickups in Mexico instead.

Toyota and Mazda announced plans for a new plant in August.

Lentz said it makes sense to build Corollas because Toyota needs the volume even in a declining vehicle market. Building passenger cars, commercial vehicles, and crossover SUVs, with an emphasis on the driving experience and a focus on design, engineering and efficient manufacturing, the company sells more than 1.55 million vehicles annually.

Trump praised the joint venture announcement, saying in August on Twitter: "Toyota & Mazda to build a new $1.6B plant here in the United States of America and create 4K new American jobs".

In October, Toyota said it would scale back investment in a planned plant in Mexico by 30 percent to $700 million and cut planned annual capacity in half to 100,000 vehicles as it shuffles its production plans to meet market demands.

The two firms a year ago formed a capital alliance and announced a plan to build the factory for 1.6 billion dollars in the United States by 2021. With more than 150 Tier 1 and 2 automotive suppliers in the state as well as automakers, there are approximately 57,000 automotive manufacturing jobs in Alabama. Southern U.S. states have the advantage of good transportation infrastructure, business-friendly regulators and generally anti-union politicians.

Alabama started on the road to becoming an auto manufacturing hub in 1993 when Mercedes chose it as the location for a manufacturing plant after the state offered a then-eye popping $250 million incentive package.

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