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NC a finalist for $1.6 billion Toyota-Mazda plant, report says

15 November 2017

The automakers have been narrowing down the list for weeks.

The Greensboro News & Record reported a group has set aside almost 1,900 acres along the Guilford and Alamance county lines to help attract a vehicle manufacturer.

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North Carolina is one of the final two states in the running to get a prized Toyota-Mazda factory worth $1.6 billion, Bloomberg reports. 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. Until recently, other states still under consideration for the factory were Tennessee, Texas and SC. Toyota plans to assemble the Corolla sedan at the plant, while Mazda said it will use the factory to produce new crossover vehicles for the USA market.

The factory is scheduled to open in 2021.

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Both Toyota and Mazda declined to comment to Bloomberg about the claims. The news source reports MS was seen as an early contender for the plant.

Toyota's collaboration with Mazda goes beyond the shared plant.

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