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Toyota, Mazda to build $1.6 billion plant in Alabama

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January 10, 2018

Toyota Motor and Mazda Motor are set to unveil plans for a $1.6 billion assembly plant in Huntsville, Alabama, sources familiar with the matter tell CNBC.

That announcement is expected to be made Wednesday afternoon in Alabama. Toyota executives and Alabama Governor Kay Ivey are slated to attend that announcement, sources said.

The plant, which will build the Toyota Corolla along with other models, is a huge win for President Donald Trump’sadministration which has made a point of stressing it would add manufacturing jobs, especially in the auto industry.

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This article was posted: Wednesday, January 10, 2018 at 8:04 am

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