Toyota, Mazda to Build Plant in Alabama
Toyota, Mazda to Build Plant in Alabama

Toyota, Mazda to Build Plant in Alabama

Toyota, Mazda to Build Plant in Alabama

Alabama will be the site of a new $1.6 billion Toyota Motor Corp. and Mazda Motor Corp. auto plant, a victory for President Donald Trump who has prodded manufacturers to build new US factories and threatened tariffs on foreign production. It will employ up to 4,000 people and produce about 300,000 vehicles a year in Huntsville, Alabama, and is a boon for the state, where Toyota has a large engine plant and an existing network of automotive suppliers, Automotive News reported. The new plant -- in a state Trump won by 28 points in 2016 -- could be a political boost to the Republican president, who has urged automakers to build plants in the United States and add jobs. The announcement also comes at a time of declining US auto sales, so it could exacerbate overcapacity and add pressure to cut prices. US new vehicle sales fell 2% in 2017, after hitting an all-time record high in 2016, and are expected to fall further in 2018.


Short URL : https://goo.gl/cq6s5F
  1. https://goo.gl/5bNBtp
  • https://goo.gl/zvkwzK
  • https://goo.gl/rhpFSS
  • https://goo.gl/sMmBXp
  • https://goo.gl/Jc9QyK

You can also read ...

Valiollah Seif
Governor of the Central Bank of Iran said on Wednesday anti-...
Nat’l Virtual Currency in the Offing
Months after the idea was first publicized, it seems that Iran...
5th Indian Wheat Cargo Arrives for Afghanistan in Chabahar
India’s fifth consignment of wheat to be sent to Afghanistan...
Presale Crosses  96,000 Gold Coins
The presale of Bahar Azadi gold coins priced at 14 million...
Spanish Foreign Minister Alfonso Dastis met with President Hassan Rouhani on Feb, 21.
Foreign ministers of the Netherlands and Spain are in Tehran...
Lexus’ New Crossover to Break Cover  in March
Lexus will pull the covers off of the production version of...
The government has required car importers to pay the higher tariffs announced in January.
The government has finally allowed the clearance of imported...
Bank Loans Top $100b in 10 Months
Banks and credit institutions doled out more than 4.62...

Add new comment

Read our comment policy before posting your viewpoints