Louisiana tried to woo auto plant with $500M in incentives

Louisiana tried to woo auto plant with $500M in incentives

Toyota will use the plant to build its best-selling compact auto, the Corolla, while Mazda will use it to build a new crossover vehicle.

Toyota and Mazda made waves yesterday with the announcement that they have settled on Huntsville, Alabama for the site of their new joint assembly plant.

"Great news as Toyota and Mazda announce they are bringing 4,000 JOBS and investing $1.6 BILLION in Alabama, helping to further grow our economy!" said Trump.

"We welcome the Toyota-Mazda plant - the newest addition to the automotive industry in the state of Alabama", Hoff said. "Their decision to locate this new facility in Huntsville is a testament to the talented workforce in our state".

Mazda Motor Corporation President and Chief Executive Officer Masamichi Kogai and Toyota Motor Corporation President Akio Toyoda joined Alabama Governor Kay Ivey and Mayor Battle for the announcement.

The automaker is improving its commitment to the USA market and will focus efforts on manufacturing and increasing sales in the country.

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"By making such cars here in Alabama, we hope that over time our plant will come to occupy a special place in the hearts of our employees and the local community". I don't see how we're proving people wrong.

Toyota officials eased many minds in Northeast Mississippi following the announcement by stating the new Alabama plant would not have an impact on the Blue Springs facility, which also produces the popular Corolla model.

Aside from Toyota's original production facility and the upcoming one, Alabama is also home to a Mercedes-Benz plant.

Alabama ranked 44th out of 48 mainland US states in overall manufacturing costs a year ago, contributing to its appeal, said John Boyd, a site selection specialist based in Princeton, New Jersey, who didn't work on this deal. In 2017, the company announced a $10 billion investment in the United States over the next five years.

He suggested Alabama's concentration of existing automotive industry infrastructure likely gave the state a stronger selling point to project leaders.

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