Toyota and Mazda formalize joint venture for new US plant
Toyota and Mazda have officialized this morning the announced joint venture to build a plant in the US thanks to a joint investment of about 1.6 billion dollars.
The factory will be built in Huntsville, Alabama, and will be operational from 2021 with the initial assembly of 300 thousand vehicles, 150 thousand under the Mazda brand (they will start with a crossover for North America) and 150 thousand Toyota Corolla (4,000 jobs will be created) ).
The two carmakers will manage a 50% share each in the joint venture that was renamed Mazda Toyota Manufacturing USA.
Heading the new company will be Mazda's top executive, Masashi Aihara. For Toyota it is the eleventh American factory, for Mazda is a return to local production activities since 2012. Ther plant construction work will begin in 2019.