Wednesday, 20 June, 2018

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

Locations of major vehicle plants in Alabama Locations of major vehicle plants in Alabama
Faye Gross | 13 January, 2018, 02:14

The company plans to shift production of Corolla from Canada, which will no longer produce Corolla.

"The partnership between Mazda and Toyota will expand innovative automotive manufacturing in Alabama", said Gov. Kay Ivey. The new plant is expected to create up to 4,000 jobs, with production scheduled to begin by 2021. It will produce the Toyota Corolla compact vehicle for North America and a new small SUV from Mazda.

Alabama's total incentive package to land Toyota and Mazda's new US factory will top at least $700 million after local incentives are added.

We asked our Facebook audience why they think Toyota and Mazda passed over North Carolina for an auto production plant. "NO WAY!" Trump tweeted. on January 5, 2017. Last year, another Talladega County product, the Honda Ridgeline pickup, won Truck of the Year honors. Previously, Toyota was criticized for considering a plan to build USA market Corollas in Mexico. By building the new Corolla plant in Huntsville, rather than Mexico, it will have easier access to suppliers of Blue Springs plant.

With those worries off the table, state and regional leaders should start working now to ensure MS keeps a seat at the table in what will surely become an even more competitive field to wrangle suppliers to support plant operations.

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"We welcome the Toyota-Mazda plant - the newest addition to the automotive industry in the state of Alabama", Hoff said. The state produced 9 percent of the cars made in the USA, the center said. It produces most of the cars and trucks it sells in the U.S.at those USA plants and exports some of those cars to other markets. The Huntsville area has 50,000 auto-related jobs, Carter said, calling the new plant an "additive to an already-robust manufacturing sector in northern Alabama". Mazda does not now have any USA factories.

The decision to pick Alabama is another example of foreign-based automakers building US factories in the South.

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

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. The statewide unemployment rate was 3.5% in November.

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