Some great news for the long-term health of Mazda! “Toyota and Mazda have announced plans to build a $1.6 billion manufacturing plant in the United States that will create as many as 4,000 jobs. The Japanese automakers said in a statement Friday that the facility would be operational by 2021, but did not specify where it would be built.
Mazda plans to build new crossover vehicles for the U.S. market at the plant, while Toyota will produce its Corolla model there.
Toyota (TM) and the much smaller Mazda (MZDAF) also announced a new business partnership on Friday — the latest example of consolidation in the auto industry. Toyota will pay about $450 million for a 5% stake in Mazda as part of the deal, while Mazda will buy a stake of the same value [0.25% - LOL!] in Toyota.
In addition to the new factory in the U.S., the automakers said they would collaborate on safety and technology for electric vehicles.”
And just so we’re clear, I don’t follow Trump on Twitter...