Toyota/Mazda narrows site of their new EV plant to Alabama and North Carolina

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Toyota, Mazda narrows choice to North Carolina and Alabama

Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion, according to people familiar with the negotiations.

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The shared factory, scheduled to open in 2021, is the first new auto assembly plant to be announced during the tenure of President Donald Trump, who has pressured Toyota and other carmakers to make more of their vehicles in the U.S. During his recent visit to Tokyo, Trump thanked executives from the two companies for planning 4,000 new jobs at the plant.

The factory is such a hotly contested prize that Toyota and Mazda are pressing for an incentive package valued at $1 billion or more. Mazda, which currently imports all of the models it sells in the U.S., plans to produce crossovers alongside Toyota Corolla compact cars at the new plant.

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