Toyota, Mazda Said to Narrow Choice to N. Carolina, Alabama
- Japanese carmakers plan $1.6 billion factory, up to 4,000 jobs
- Automakers aim to announce final decision by early next year
The Mazda Motor Corp. plant in Hofu, Yamaguchi Prefecture, Japan.
Photographer: Kiyoshi Ota/Bloomberg
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Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion, according to people familiar with the negotiations.
The automakers have been narrowing the list for weeks, knocking out almost a dozen other contenders that until recently included Tennessee, Texas and South Carolina, the people said. Mazda and Toyota plan to announce their final choice by early next year, Akira Marumoto, Mazda’s executive vice president, told reporters in Tokyo earlier this month.