World Car News #Update
In response to President Donald Trump’s threat to impose ridiculous tariffs on imported vehicles if the automakers refused to produce on U.S soil.
“Toyota Motor Corporation and Mazda Motor Corporation will be announcing their intention to build a new $1.6 Billion plant in Huntsville, Alabama where Toyota already has a large engine plant later today” According to unnamed sources.
The main threat made by the President came to Toyota Motor Corp to whom he said the Corolla for the U.S market must not be built in Mexico anymore.
Establishing a plant in Alabama means the state has scored really big as this adds to the number of automobile companies like Honda, Hyundai, Mercedes and a large network of auto suppliers that have made Alabama their home.
This will also boost state wages economically as they typically pay above-average wages and spin off jobs at suppliers and service companies. It is expected however that the plants will not only result in immediate economic growth, it will result in a ripple effect heralding other projects.
The plant to be launched in 2021 will employ 4,000 individuals and produce 300,000 cars annually.