Toyota Motor Corp. and Mazda Motor Corp. announced last August a joint venture to build a $1.6 billion assembly plant in the U.S. creating 4,000 jobs when completed in 2021.
Today, Toyota and Mazda are expected to make a formal announcement that Huntsville, Alabama will be the site of their new plant which will build 300,000 vehicles a year, half of which will be Toyota Corollas.
The 1,242-acre site is in Limestone County, where Polaris recently built a manufacturing plant and Target operates a distribution center.
Huntsville already has a Toyota large engine manufacturing facility and an established network of automotive vendors.
North Carolina and Alabama were competing for the new plant. The two auto makers reportedly asked for at least $1 billion in incentives and North Carolina's Greensboro-Randolph Megasite Foundation amassed about $5 million to buy land and collaborate with regional government, business and educational groups in hopes of landing a major project such as the Toyota Mazda plant.
Alabama is also home to Mercedes-Benz, Honda and Hyundai manufacturing plants.