Automotive

Published on January 11th, 2018 | by Daniel Sherman Fernandez

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Toyota & Mazda Confirm Alabama JV Factory

Alabama has been confirmed for the site of a new USD1.6 billion Toyota and Mazda automotive plant.

This new car plant, which will employ up to 4,000 people and produce about 300,000 vehicles a year, will be located in Huntsville, Ala., and is a boon for the state, where Toyota has a large engine plant and an existing network of automotive suppliers.

 

The announcement also comes at a time of declining U.S. auto industry sales, so it could exacerbate overcapacity and add pressure to cut prices. U.S. new vehicle sales fell 2 percent in 2017, after hitting an all-time record high in 2016, and are expected to fall further in 2018.


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