Toyota and Mazda increase investment in Alabama joint venture plant to $2.3B

Toyota Motor Corp and Mazda Motor Corp will invest $2.3 billion in their joint venture factory in Alabama, $830 million more than originally planned, with production expected to start in 2021 building up to 150,000 Mazda crossovers and 150,000 Toyota SUVs annually.

“Toyota Motor Corp and Mazda Motor Corp said on Thursday they will invest $2.3 billion in a new joint venture factory in Alabama.”reuters.com

• 1 source
• reuters.comToyota, Mazda joint venture Alabama plant will now cost $2.3 billionDavid ShepardsonAug 14, 2020

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