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Business trends

Toyota and Mazda choose Alabama for $1.6bn joint plant

Facility to boost Trump's drive to bring jobs to the US

The new facility forms part of Toyota's plan to invest $10 billion in the U.S. over five years.   © Reuters

TOKYO -- Toyota Motor and Mazda Motor have chosen the southeastern U.S. state of Alabama as the site for a new joint plant costing in the region of $1.6 billion, sources said Wednesday.

The decision -- a boon for President Donald Trump's drive to bring investment and jobs to the country -- was made based on the state's efficient logistics network and concentration of auto parts makers, among other factors.

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