Toyota-mazda’s $1.6 Billion Alabama Plant Leaves Room To Expand

| January 11, 2018 @ 5:00 am

By John LippertBloomberg

The prized $1.6 billion car factory awarded to Alabama by Toyota Motor Corp. and Mazda Motor Corp. could be an even bigger win than expected, as the site’s size leaves plenty of room for future expansions.

The 2,500-acre Huntsville location announced Wednesday is more than twice as big as the 1,100 acres the partners targeted initially, according to Bob Carter, Toyota’s sales chief for North America.

“We always like to have plans and options for the future,” Carter said, when asked if the bigger parcel is intended to accommodate expansions. He said the company has no additional announcements to make at this time.The Japanese automakers had been narrowing the list of possible locations for months before choosing the site that’s just 14 miles from Toyota’s nearby engine plant. The final location in the mostly non-unionized South also came with tax credits, abatements and training worth $370 million, according to Jerry Underwood, a spokesman for the Alabama Department of Commerce. The factory is expected to create 4,000 new jobs, which President Donald Trump praised during his November trip to Tokyo.

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