Alabama offered $379 million in incentives for Toyota-Mazda

Alabama offered $379 million in incentives for Toyota-Mazda

It's now official - Huntsville, Ala. has been selected by Toyota Motor Corporation and Mazda Motor Corporation as the site of their new $1.6 billion joint-venture auto manufacturing plant.

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 has 10 US plants in eight states in an arc running from West Virginia through Kentucky, Indiana, Alabama, Mississippi and Texas.Toyota and Mazda announced a capital alliance in August and are exploring joint development of technologies for the basic structure of competitive electric vehicles.

And Toyota has an engine plant in the Huntsville area, near where it is planning to put the new facility. Many automakers have announced expansions of facilities or new jobs but no other new US auto plants have been announced.

The state has offered some road and bridge improvements around the new plan, Alabama Commerce Secretary Greg Canfield said. Their decision to locate this new facility in Huntsville is a testament to the talented workforce in our state.

"With this announcement, our world changes overnight", Battle said. "Mazda and Toyota, two of the world's most innovative automakers, have created a legacy project that will provide jobs for decades to come for Huntsville and Alabama".

Folsom who helped land Mercedes in Tuscaloosa County believes the Toyota-Mazda deal will add even more growth to Alabama's booming auto manufacturing industry which so far has produced almost 60,000 jobs and millions of vehicles.

Automakers Toyota and Mazda on Wednesday announced plans to build a new final assembly in Alabama. The plan calls for rolling out 300,000 passenger cars a year to the USA market.

"Mazda makes cars with a clear vision of how we want to inspire people, contribute to society and help preserve the beauty of the earth".

"By making this plant a vibrant part of that community, we hope to work, learn and grow together with the people of Huntsville and Alabama", he added.

The plant also will make Mazda the most recent automaker to establish a final assembly plant in the United States.

The two automakers are aiming to start operations at the plant in 2021.

The State of Alabama is the fifth largest producer of cars and light trucks nationally with a strong automotive manufacturing presence including Toyota's engine plant in Huntsville, where Toyota employs 1,400 team members.

States covet auto assembly plants because they typically pay above-average wages and spin off jobs at suppliers and service companies.

Huntsville Mayor Tommy Battle hailed the Toyota-Mazda decision as a milestone development for the North Alabama city.

The companies announced they would build a new plant at an undetermined location in August a year ago under a capital tie-up and almost 20 US states sought to land the facility.