Image source Wikimedia
The two Japanese car giants have also agreed to join forces to develop electric car technology. Toyota is to take a 5% stake in Mazda, while Mazda will also invest in Toyota.
The new US plant aims to produce 300,000 vehicles a year and expects to employ about 4,000 people.
President Donald Trump tweeted the announcement was “a great investment in American manufacturing”.
Earlier this year, Donald Trump had said Toyota would face hefty tariffs on cars built in Mexico for the US market if they were made south of the border.
The new plant will produce Toyota Corollas and a new Mazda SUV crossover.
The companies hope to be able to start production in 2021.
President Trump tweeted: “Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!”
Sydney has welcomed 2025 with a spectacular fireworks display - cheers erupted as the clock struck midnight…
Following an eight-year legal battle, Angelina Jolie and Brad Pitt have reached a divorce settlement,…
Former President Jimmy Carter died on December 29 at the age of 100 after spending several…
Georgia’s outgoing president Salome Zourabichvili refused to step down on December 29, saying she was…
The bald eagle has been officially declared the national bird of the United States, after…
Dozens of passengers have survived a crash involving a plane carrying 69 people in Kazakhstan,…
