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Aug 7, 2017
Toyota-Mazda Partnership May See Construction of New Plant in Arizona
In announcing a new partnership designed to play off of each other’s strengths, the Toyota Motor Corporation and Mazda Motor Corporation will also be building a new $1.6 billion manufacturing facility.
The joint effort between the automakers comes two years after they agreed to establish a committee designed to evaluate what each company did best and how a combined effort could result in economies of scale.
In releasing the news of their official partnership, both companies said they want to build a facility that would see the production of up to 300,000 cars and crossover vehicles annually.
If built, officials with the two companies said, the new facility would be up and running sometime in early 2021.
Although where the new manufacturing facility will be built has not yet been revealed, it is thought that the Arizona Commerce Authority, a state-funded group dedicated to economic development, may try to make a pitch to get Toyota and Mazda to move to the Grand Canyon State.
Late last year the authority, putting together a package of incentives, helped secure a commitment from the Menlo Park, California-based Lucid Motors to build a $700 million plant in Casa Grande.