{"id":320274,"date":"2017-08-04T18:44:27","date_gmt":"2017-08-04T17:44:27","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/toyota-to-build-1-6bn-us-plant-shift-some-production-from-mexico\/"},"modified":"2017-08-04T18:44:27","modified_gmt":"2017-08-04T17:44:27","slug":"toyota-to-build-1-6bn-us-plant-shift-some-production-from-mexico","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/toyota-to-build-1-6bn-us-plant-shift-some-production-from-mexico\/","title":{"rendered":"Toyota to build $1.6bn US plant, shift some production from Mexico"},"content":{"rendered":"
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A new Toyota assembly plant will provide 4,000 new jobs as part of a $10 billion investment in the US over the next five years, according to the Japanese automaker. <\/p>\n

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Toyota purchased a 5 percent stake in Mazda as it announced the plan and said it hoped the first vehicles would roll off the production lines in 2021.<\/p>\n

The location of the factory, which will make the Corolla model, has not been decided but is likely to lead to a bidding war among states seeking to spur economic development, according to USA Today<\/a>.<\/p>\n

President Trump swiftly heralded the move.<\/p>\n

“A great investment in American manufacturing!”<\/em> he tweeted Friday morning.<\/p>\n

<\/p>\n
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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!<\/p>\n

\u2014 Donald J. Trump (@realDonaldTrump) August 4, 2017<\/a><\/p><\/blockquote>\n

<\/center><\/div>\n

Toyota spokesman Scott Vazin said the company would also continue to make the Corolla at its Mississippi manufacturing plant, with no changes planned there.<\/p>\n

Toyota said it would make the Corolla sedan at the factory instead of Mexico as previously intended.<\/p>\n

Trump has previously been critical of the Japanese manufacturer\u2019s plans. Just prior to taking office, he took to Twitter to threaten Toyota with a \u201cbig border tax\u201d<\/em> if the company built a factory in Mexico.<\/p>\n

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Read more<\/p>\n


\n \"\u00a9\u00a0Wolfgang
\n <\/a>\n<\/div>\n

Akio Toyoda, chief executive of Toyota, said in January the carmaker would invest $10 billion in the United States over the next five years. The investment will include the construction of new headquarters in Texas and a revamped manufacturing facility in Kentucky.<\/p>\n

The partnership between Toyota and Mazda will lead to collaboration on development of electric vehicles and self-driving car technology, according to the New York Times<\/a>. With the Prius and other hybrids, Toyota has dominated the market for lower-emission vehicles for years but is behind on fully battery-powered car development. Mazda is known for making powerful and fuel-efficient internal combustion engines but it lacks its own electric alternatives.<\/p>\n

Toyota acknowledges it has been falling behind in research and development and is being challenged by innovation coming from Silicon Valley.<\/p>\n

\u201cIn the future, mobility won\u2019t belong only to carmakers,\u201d<\/em> Toyoda said in a news conference announcing the Mazda stake, noting that Silicon Valley was looking to disrupt the auto industry with new design, manufacturing and retail distribution.<\/p>\n

\u201cTotally new players like Google and Amazon are right before our eyes,\u201d<\/em> Toyoda said. \u201cWe need to cooperate and compete.”<\/em><\/p>\n

Toyota said Friday that it would maintain investment and hiring plans at its Mexico plant, but it will locate additional production of the Tacoma mid-size pickup truck at the factory instead of the Corolla, which had been set to move there from an operation in Ontario, Canada.<\/p>\n

Taken together, the plans are likely to be trumpeted as a victory for Trump’s push to manufacture more locally-sold vehicles in the US, even if it had no impact on the decision.<\/p>\n<\/div>\n<\/div>\n

Via RT<\/a>. This piece was reprinted by RINF Alternative News<\/a> with permission or license.<\/p>\n","protected":false},"excerpt":{"rendered":"

Published time: 4 Aug, 2017 17:31 Edited time: 4 Aug, 2017 17:40 A new Toyota assembly plant will provide 4,000 new jobs as part of a $10 billion investment in the US over the next five years, according to the Japanese automaker. Toyota purchased a 5 percent stake in Mazda as it announced the plan […]<\/p>\n","protected":false},"author":1,"featured_media":320275,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-320274","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/320274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=320274"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/320274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media\/320275"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=320274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=320274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=320274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}