NEW YORK -- Toyota Motor and Mazda Motor will invest an additional $830 million in an auto assembly plant under construction in the U.S. state of Alabama, the companies said Thursday.
The Mazda Toyota Manufacturing site, a joint venture between the Japanese carmakers, will manufacture SUVs. The facility will now be equipped with state-of-the-art production equipment and employee-training facilities to increase productivity. The total investment will be about $2.31 billion.
