- North Carolina is one of two finalists for a vehicle manufacturing plant that would be jointly owned and operated by Toyota and Mazda, according to a Tuesday report in industry newspaper Automotive News. North Carolina, home to the tech triangle, does not now host an automotive plant.
Even with the 10-digit incentive package demand, 15 states jumped at the chance to secure the new plant and its thousands of jobs, including the usual suspects: Michigan, Ohio, Indiana, Texas, Mississippi, Illinois and SC, which are already home to several auto plans.
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Alabama. South Carolina. It doesn't matter. North Carolina is the sole other contender.
Backers of the Greensboro-Randolph Megasite have added 370 acres, bumping it up to almost 1,900 acres and filling gaps in the property to increase its appeal.
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The joint factory, proposed to open in 2021, is the first new auto plant to be announced during the tenure of President Donald Trump. Toyota and Mazda are angling to receive an incentive package of at least $1 billion for the upcoming plant estimated to carry a value of $1.6 billion.
Both companies would not comment on the report.
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In August, the two Japanese carmakers confirmed they will also set up a new, $1.6 billion assembly plant in the United States that will create up to 4,000 new jobs. Mazda executive vice president Akira Marumoto told reporters that the automakers will announce a final decision on the plant location by early next year.