Toyota to collaborate with Mazda for plant in the US
August 4 , 2017
Toyota Motor Corp is expected to partner with its rival Mazda Motor Corp in order to build an assembly plant in the US that is expected to cost them $1.6 billion. This is a part of their new joint venture (JV). It is expected that the plant would be able to make 300,000 vehicles annually and production would be divided equally between the partners. It is expected to be opened in 2021 and will provide employment to around 4000 people. This is expected to be a major boost for Donald Trump.