Toyota had originally planned to build a new Corolla plant in Mexico, but after the joint venture plans were announced in August, Toyota changed course and made a decision to build the Tacoma pickup at the plant in Mexico and the new Corolla at the new USA plant.
Leaders at Toyota and Mazda recently selected Huntsville, Alabama, as the site of their new joint-venture manufacturing plant.
Toyota's footprint across the Southeast continues to grow with the recent announcement that the Japanese automaker will be building a jointly operated plant with Mazda in Alabama.
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The new Huntsville plant will be just 14 miles (22 kilometers) from Toyota Motor Manufacturing of Alabama, which produces four-cylinder, V-6 and V-8 engines for several Toyota models.
Toyota now has 11 plants within the United States.
Alabama's offer was valued at $380 million, but did not include the value of local property tax exemptions or the value of more than 1,200 acres of donated land for the site, which Louisiana Economic Development Secretary Don Pierson said makes Alabama's package comparable to Louisiana.
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The plant is projected to employ about 4,000 workers and produce approximately 300,000 vehicles a year. It is a finalist for the North American Utility of the Year Award, which will be presented next week at the North American International Auto Show in Detroit. Last year, another Talladega County product, the Honda Ridgeline pickup, won Truck of the Year honors. Toyota already operates an engine production facility in Huntsville and we surmise that asset (which dates back to the early 2000s) provided a strong selling point to project leaders.
"It was especially exciting to see both new and existing companies make investments and announce projects that will position the state as an important location in the global auto industry for years to come".
Governor Kay Ivey has hinted at revealing big news at Tuesday night's State of the State Address.
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Still, Toyota and Mazda have said their collaboration will respect mutual independence and equality. 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. President Akio Toyoda. "We are committed to being another "best-in town" company in the city of Huntsville and the state of Alabama".