Thank You Trump. :thumbup:
Alabama will be the site of a new $1.6 billion Toyota Motor Corp and Mazda Motor Corp auto plant, a victory for President Donald Trump who had prodded manufacturers to build new U.S. facilities and threatened tariffs on foreign production, sources said on Tuesday.
The plant, which will employ up to 4,000 people and produce about 300,000 vehicles a year, will be located in Huntsville, Alabama, and is a boon for the state, where Toyota has a large engine plant and an existing network of automotive suppliers.
A formal announcement by company and state officials is expected on Wednesday in Montgomery, sources briefed on the matter said.
The new plant –in a state Trump won by 28 points in 2016 — could be a political boost to the Republican president, who has urged automakers to build plants in the United States and add jobs. The companies said they expect the plant to open in 2021.
Trump tweeted in March he wanted "new plants to be built here for cars sold here." The White House did not immediately comment on Tuesday.
The announcement also comes at a time of declining U.S. auto industry sales, so it could exacerbate overcapacity and add pressure to cut prices. U.S. new vehicle sales fell 2 percent in 2017, after hitting an all-time record high in 2016, and are expected to fall further in 2018.
Details of an anticipated tax and incentive package for the investment were not yet known. It has been reported the companies sought at least $1 billion in incentives.
http://www.oann.com/exclusive-toyota-mazda-to-build-1-6-billion-plant-in-alabama-sources/
WHY not in California? :lol: :lol: :lol: :lol: :lol:
There is a reason all these automakers are going to the south for new plants. We have a BMW plant just south of Hendersonville in Spartanburg. I was in MS when Nissan announced its plant in Canton. There are so many of these stories. The unions cannot get a pro union vote and it drives them nuts. As an aside, it is not just the auto plants, but all the suppliers who build facilities close by also. Oh, BTW, local governments have not declared these industries public enemy #1.
It is good that we are involved in the question that came up.