Toyota and Mazda plan new US factory04 August 2017 | Automotive Manufacturing Solutions
US — The OEMs announced details of a capital alliance and joint venture to produce vehicles within the US market. The partnership aims to construct a new plant within the US with an estimated annual production capacity of 300,000 units. Pending government agency approvals, the OEMs aim to start vehicle production in 2021.
As part of the deal, Toyota will take a 5% stake in Mazda who in turn will acquire a 0.25% stake in Toyota.
The plant will require a total investment of US$1.6bn and up to 4,000 jobs will be created. The OEMs say they intend to improve competitiveness in manufacturing through this new production collaboration. One example sees the companies exploring joint development and exchanging expertise on new electric vehicles to allow both car makers to respond quickly to new regulations and market trends.