New $1.6 Billion Joined Facility Of Toyota And Mazda
The Huntsville plant will be able to produce almost 300,000 vehicles yearly.
Mazda and Toyota want to join one another. Last May the two companies from Japan signed their long-term partnership. Then they stated they want to create a U.S.-based manufacturing faculty.
Toyota and Mazda chose Huntsvilla (Alabama) for this purpose. $1.6 billion will be invested into the planet. 4,000 people should receive job at the facility. The plant should produce up to 300,000 vehicles per year.
Toyota will receive a 5.05% share in Mazda. Meanwhile Mazda will get a 0.25% share in Toyota. This is going to become the eleventh manufacturing unit for Toyota in America and teh second one in Alabama. It should debut sometime in 2021.