MONTGOMERY, Ala. — Toyota and Mazda will spend $1.6 billion so as to add manufacturing facility capability in a softening U.S. market, however each automakers say the time is strictly proper.
Toyota will construct the next-generation Corolla and Mazda an unnamed new crossover beginning in 2021 at an meeting plant to be constructed simply west of Huntsville, Ala.
The manufacturing facility’s mixed plant capability will probably be 300,000 automobiles a yr — roughly the variety of automobiles by which U.S. auto gross sales declined in 2017.
The 2 corporations detailed the funding right here Wednesday in an auditorium filled with Alabama elected officers and public service suppliers, saying the venture will create four,000 manufacturing facility jobs and allow the automakers to take a brand new method to engineering and constructing automobiles.
The venture will probably be operated as an impartial three way partnership that has not but been named, delivering 150,000 Toyota Corollas and 150,000 models of the Mazda crossover.
“We want the Corolla capability,” Toyota Motor North America CEO Jim Lentz instructed Automotive Information throughout the occasion. “We bought about 330,000 Corollas final yr, and 50,000 in Canada. This plant, with our different Corolla plant in Mississippi, will give us capability of 310,000.
“So sure, even on this delicate market, we’d like this capability.”
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