World News

Alabama, North Carolina Finalists for New Toyota/Mazda Plant

Alabama, North Carolina Finalists for New Toyota/Mazda Plant

North Carolina is the only state in the Southeast without a major auto manufacturing plant. There are two megasites in Chatham County, one in Edgecombe County and one on the Guilford-Randolph counties border.

The automakers have been narrowing the list for weeks, knocking out nearly a dozen other contenders that until recently included Tennessee, Texas and SC, the people said. The most recent was an announcement by Tennessee officials that the Memphis region has been ruled out. The Jackson Sun newspaper quoted an economic development executive who said he believes North Carolina is the leading state with SC - not Alabama - the other contender.

North Carolina has four "megasites" that have been built to accommodate large industry such as automotive or airplane. As we previously reported, the factory should produce around 300,000 vehicles a year and create as many as 4,000 new jobs.

Randolph County is in the process of expanding its site by rezoning 370 acres to add to the 1,500 acres that comprise the site.

More news: Great Lakes Advisors LLC Raises Position in Wal-Mart Stores, Inc. (WMT)

The chances for Alabama to be the new home of a $1.6 billion joint vehicle factory appear to be increasing, according to a new report. 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.

The shared facility is expected to open in 2021.

Scott Vazin, a Toyota spokesman, and Jeremy Barnes, who represents Mazda, both declined to comment.


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