|
Toyota and Mazda pick Alabama for $1.6bn US investment - reports
Graphic depicts Princeton, IN Toyota factory along US Route 41. The firms revealed last year that they planned a US joint venture, with production scheduled to begin in 2021. At the time, President Donald Trump said the decision was "a great investment" in US manufacturing. The choice for the factory location had reportedly been narrowed down to either Alabama or North Carolina. One US media outlet reported that North Carolina missed out because it did not offer the supply-chain logistics the two firms required. The factory is expected to eventually produce 300,000 vehicles a year and employ about 4,000 people. When contacted by the BBC, Toyota refused to confirm that Alabama had been selected, saying an announcement would be made "in early 2018". However US media was widely reporting a formal announcement would be made on Wednesday. The auto industry is one area where President Trump has been pressuring overseas companies to do even more manufacturing in the US. Posted by: Besoeker 2018-01-10 |
| http://www.rantburg.com/poparticle.php?ID=505444 |