Toyota and Mazda join forces for a factory in the United States

AFP

Germain Goyer

Friday, August 4, 2017 11:29

UPDATE
Friday, August 4, 2017 11:29

Look at this article

Toyota and Mazda have announced that they will invest jointly $ 1.6 billion US $ in the creation of a factory in the United States.

Rather than compete, these two car manufacturers of japan have decided to unite their forces. This decision was taken two years after the beginning of the discussions between the two giants.

For Mazda, this announce would enable him to have a presence more concrete in the United States. Currently, vehicles intended for the u.s. market are transported from Mexico and Japan. On the side of
Toyota, we intend to assemble the Corolla.

The purpose of this plant the common is also to develop hybrid and electric vehicles. Remember that
Mazda does not have any of these vehicles in its catalogue, and that, conversely, it is one of the strengths of Toyota. The development of autonomous cars is also part of the plans.

With an annual production capacity of 300,000 vehicles, the opening of the plant is scheduled for 2021.

In relation to the position of the White House,
Donald Trump was quick to greet this new of two japanese builders which will create 4000 jobs on american soil.

Toyota & Mazda to build a new $1.6 B plant here in the U. S. A. and create 4K new American jobs. A great investment in American manufacturing!

— Donald J. Trump (@realDonaldTrump)
August 4, 2017

This agreement extends to the financial plan of the business. In effect, Toyota will have now a 5% share of Mazda. As for Mazda, it will hold 0.25% of the shares of Toyota.