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Toyota, Mazda Said To Narrow Choice To North Carolina, Alabama For $1.6 Billion Plant

| November 16, 2017 @ 5:00 am

By John LippertBloomberg

Alabama and North Carolina are the final states in the running to win a prized Toyota and Mazda car factory worth $1.6 billion, according to people familiar with the negotiations.

The automakers have been narrowing the list for weeks, knocking out almost a dozen other contenders that until recently included Tennessee, Texas and South Carolina, the sources said. Mazda and Toyota plan to announce their final choice by early next year, Akira Marumoto, Mazda’s executive vice president, told reporters in Tokyo earlier this month.

Scott Vazin, a Toyota spokesman, and Jeremy Barnes, who represents Mazda, both declined to comment.The shared factory, scheduled to open in 2021, is the first new auto assembly plant to be announced during the tenure of President Donald Trump, who has pressured Toyota and other carmakers to make more of their vehicles in the U.S. During his recent visit to Tokyo, Trump thanked executives from the two companies for planning 4,000 new jobs at the plant.

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