Sources Report $1.6 Billion Toyota-Mazda Plant Coming To North Alabama

By  | January 9, 2018 | Filed under: News

LIMESTONE COUNTY-On Tuesday, January 9 several  sources have reported that North Alabama will be the site for  a new $1.6 billion Toyota and Mazda auto plant.

The purposed location is the TVA megasite in Athens near exit 3 off I-565. The site is 1,200 acres and could soon be home to a plant employing 4,000 people.  The plant will produce about 300,000 vehicles a year and is a boon for the state, where Toyota has a large engine plant and an existing network of automotive suppliers.

Sources for months have said the decision was between North Carolina and Alabama. The Raleigh News & Observer is reporting that North Carolina lost out on the plant because it does not have the supply chain logistics that the car companies want.

A formal announcement by company and state officials is expected on Wednesday in Montgomery, sources reported.

 

 

 

 

 

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