Bloomberg, via Automotive News, reports that sources close to the negotiations say the competition for the future Toyota-Mazda manufacturing plant is down to two states.
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. Until recently, other states still under consideration for the factory were Tennessee, Texas and SC. But all of the state's efforts have been in vain, with companies from Volvo to Mercedes to Hyundai picking other sites in the Southeast.
"I think if it doesn't come, we've got a prime site, probably one of the best sites in North Carolina, that can attract an industry of some sort", said Liberty Mayor Filmore York.
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. There are two megasites in Chatham County, one in Edgecombe County and one on the Guilford-Randolph counties border.
PM Modi, Australia PM Turnbull hold bilateral meeting — ASEAN Summit
Reporting from Manila, PTI said that the remarks were made while addressing the Indian diaspora in the Philippines capital. Abe and Modi spoke for 40 minutes on the sidelines of the Association of Southeast Asian Nations summit.
The auto companies announced earlier this year that they were searching for a place to establish a plant that would manufacture 300,000 vehicles a year.
The factory is scheduled to open in 2021.
In October, Toyota reduced the size of its initial investment in a new plant in Mexico.
Toyota President Akio Toyota and his Mazda counterpart Kogai announce their alliance. MetLife operations in Cary and Charlotte garnered $87 million in incentives in 2013.