Mazda Motor Corporation and Toyota Motor Corporation have established their new joint venture company, Mazda Toyota Manufacturing, USA (MTMUS), which will produce vehicles in Huntsville, Alabama starting in 2021.
The new plant will have the capacity to produce 150,000 units of a Mazda crossover model that will be introduced to the North American market and 150,000 units of the Toyota Corolla. The factory is expected to create up to 4,000 jobs. Toyota and Mazda are spending US$1.6bn on the project with equal funding contributions.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“We hope to make MTMUS a plant that will hold a special place in the heart of the local community for many, many years,” said Mazda’s executive officer Masashi Aihara, who will be president of MTMUS.
“By combining the best of our technologies and corporate cultures, Mazda and Toyota will not only produce high quality cars but also create a plant employees will be proud to work at and contribute to the further development of the local economy and the automotive industry.”
“The new plant, which will be Toyota’s 11th manufacturing facility in the US, not only represents our continuous commitment in this country, but also is a key factor in improving our competitiveness of manufacturing in the US,” said Hironori Kagohashi, executive general manager of Toyota and MTMUS’ executive vice president.
“We are committed to realising a highly competitive plant and producing vehicles with the best quality for customers by combining Toyota and Mazda’s manufacturing expertise and leveraging the joint venture’s synergies,” he added.
In collaboration with the state of Alabama and the city of Huntsville, MTMUS will soon begin land preparation while construction is expected to start in 2019.
