Friday, August 04, 2017

Toyota and Mazda have announced plans to build a $1.6 billion manufacturing plant in the United States

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.

The move is likely to be seen as a win for President Trump, who attacked Toyota earlier this year over its plans to build a new factory in Guanajuato, Mexico. He threatened to slap a "big border tax" on Toyota cars if the plant isn't built in the U.S.

http://money.cnn.com/2017/08/04/news/economy/mazda-toyota-jobs-factory-trump/index.html

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