Toyota and Mazda plan to build $1.6 billion U.S. plant in joint venture
Plant will build 300,000 vehicles annually and employ 4,000 workers.
Toyota and Mazda announced plans on Friday to build a $1.6 billion U.S assembly plant in a new joint venture.
A location for the $1.6 billion facility has not yet been picked, but it will have the capacity to build 300,000 vehicles annually while employing 4,000 workers.
The companies hope to open the plant in 2021.
Japanese automakers Toyota and Mazda are forming a partnership to build a new final assembly plant in the United States, the companies announced Friday.
A location for the $1.6 billion facility has not yet been picked, but it will have the capacity to build 300,000 vehicles annually while employing 4,000 workers.
The companies hope to open the plant in 2021.
The new facility is just one aspect of the partnership Toyota and Mazda, with the two also planning to work together to develop electric vehicles and connected-car technologies, the sources said.
Click here to read the entire story.
Source: CNBC
CONTRACTOR SUPPLY MAGAZINE
The October/November 2024 of Contractor Supply magazine is here!
Our cover story, A Rewarding Passion - Dale Hahs II, third-generation of Denver's AIS Industrial & Construction Supply, is STAFDA's incoming 2025 president.
A Special STAFDA section featuring a welcome address, an agenda, session previewss by presenters and much more. Also in this issue are our Industry Updates on: Lifting, Moving and Material Handling; Lasers, Levels and Measurement; Hand Tools; Cordless Power Tools; Drill Bits and Cutting Tools; and Toolboxes, Bags and Belts.
This digital edition, sponsored by BECK AMERICA Inc., is fully searchable and contains live links to every advertiser and new product listing. Click away!
| Read the Articles Read the Digital Edition |
