<img height="1" width="1" src="https://www.facebook.com/tr?id=769125799912420&amp;ev=PageView &amp;noscript=1">
About Our People Legal Stuff Careers
Japan Toyota Mazda
Logos of Toyota Motor Corp., bottom, and Mazda Motor Corp., top, are placed prior to a press conference in Tokyo Friday, Aug. 4, 2017. (AP Photo/Eugene Hoshiko)

Toyota and Mazda will build a $1.6 billion manufacturing plant in the US


Japanese car manufacturers Toyota and Mazda announced plans on Friday to construct a $1.6 billion plant in the United States that's expected to create as many as 4,000 jobs, according to CNN. The plant is expected to be operational by 2021, but its location remains unknown.

Mazda is poised to build a new crossover vehicle for U.S. customers while Toyota will produce its Corolla model at the factory.

The news was welcomed by President Trump, who has vowed to keep jobs from being relocated overseas, as well as create more jobs in the United States. Before his January inauguration, the then-president elect expressed sharp rhetoric towards companies even thinking about relocating their plants.

Toyota bore the brunt of some of that rhetoric. Earlier this year, the 45th-commander-in-chief attacked the Japanese car maker for its plans to build a plant in Guanajuato, Mexico. Friday's announcement reverses some parts of that plan. The Mexico-based plant will still exist, but Toyota will now produce Tacoma pickup trucks at that location instead of the Corolla.

Toyota's change in production is part of its plans to invest nearly $10 billion in the U.S. over the next five years.

The automobile manufacturers' announcement surfaced the same day as the July jobs report, which dropped the unemployment rate to 4.3 percent--a historic 16-year low.

This new 3 tire Toyota car will soon replace your rideshare program

Read Comments
Facebook Twitter Instagram Pinterest Linked In List Menu Enlarge Gallery Info Menu Close Angle Down Angle Up Angle Left Angle Right Grid Grid Play Align Left Search Youtube Mail Mail Angle Down Bookmark