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.
Toyota & Mazda to build a new $1.6B 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
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.
The U.S. is going to substantialy reduce taxes and regulations on businesses, but any business that leaves our country for another country,— Donald J. Trump (@realDonaldTrump) December 4, 2016
fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. ......— Donald J. Trump (@realDonaldTrump) December 4, 2016
without retribution or consequence, is WRONG! There will be a tax on our soon to be strong border of 35% for these companies ......— Donald J. Trump (@realDonaldTrump) December 4, 2016
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.