The Toyota-Mazda joint venture will invest 1.6 billion dollars in a new US manufacturing plant in Alabama
The Toyota-Mazda production joint venture announced that it will begin construction of a 3.3 million square meters assembly plant in Huntsville, Alabama next month, with the intent of starting production in 2021.
According to Toyota, the site will employ up to 4,000 people and will produce about 300,000 vehicles a year, 150,000 units of the new Mazda crossover that will be introduced in the North American market and 150,000 units of the Corolla MY2020.
With U.S. sedan sales expected to fall in 2018 for the fifth straight year, the alliance's statement announcing the groundbreaking emphasized the plant's envisioned flexibility: "The alliance will assure competitiveness in manufacturing, allowing both automakers to respond quickly to market changes and helping to ensure sustainable growth toward the future of mobility".
A Toyota spokesperson said that strategic planning for the plant is underway and at this stage the focus has been placed on the recruitment and training process of 4,000 new employees in collaboration with the State of Alabama.
Toyota is also opening up new supplier relationships by focusing on procurement of vehicle components and establishing new business partnerships in relation to the project.