Aside from Toyota's original production facility and the upcoming one, Alabama is also home to a Mercedes-Benz plant.
The prized $1.6 billion vehicle factory awarded to Alabama by Toyota Motor Corp. and Mazda Motor Corp. could be an even bigger win than expected, as the site's size leaves plenty of room for future expansions.
"Alabama is truly honored to have been chosen for this project", Gov. Kay Ivey said at a press conference.
Toyota, Mazda to build $1.6B joint plant in Alabama
Toyota has 10 existing USA factories, including an existing engine plant in Huntsville which opened in 2001 and employs 1,450 workers.
The joint-venture plant will be Toyota's 11th US manufacturing facility.
Toyota Motor president Akio Toyoda said: "Our investment to establish a new vehicle assembly plant with Mazda builds on the strong success we have enjoyed in Alabama where we produce engines for the North American market".
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"We applaud the people of the region and are pleased to see that so many other automakers recognize the same great qualities here that we did back in the mid-90s: a highly skilled and dedicated workforce, an amiable business climate, and great Southern hospitality".
Once the factory begins output, the state will pass Kentucky to become the South's biggest automaker, a forecast from IHS Markit shows.
Toyota and Mazda said the Huntsville plant will eventually employ up to 4,000 people. The companies originally announced plans for a US plant in August when the two Japanese automakers signed a joint venture agreement, though the exact location was not known at that time. "Build plant in US or pay big border tax". Corolla sales fell 14 percent for the year, to just less than 309,000, according to Autodata Corp. Neither automaker has made anything official, but it's expected to build Corollas specifically for the U.S. as well as an upcoming Mazda crossover, also for the US.
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After a rigorous Air Force review, SpaceX was certified in 2015 to compete for military launches. The company later said it had cleared the issue.
Still, Toyota and Mazda have said their collaboration will respect mutual independence and equality.
Toyota Mississippi's landmark 2017, during which the plant built its 1 millionth Corolla, hopefully goes a long way in showing Northeast Mississippi's commitment as an automotive corridor. At an estimated $500.5 million in total value, we believe the package is comparable to the state offer in Alabama, where officials apparently have not included the value of their local property tax exemptions or the value of 1,200 acres of donated land for the site, which all would be in addition to their reported $380 million state offer.
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The management added that the company has added one client in the $100 million band and three clients in the $75 million range. With nine months gone, the company has grown at 5.6% in constant currency terms so far.
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