Toyota to build $1.6 billion U.S. plant with rival Mazda: sourceToyota Motor Corp (7203.T) and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said. FILE PHOTO - A delivery truck enters gate three at the Toyota Motor Manufacturing Plant, home of the Toyota Camry, Avalon and Venza, in Georgetown, Kentucky, U.S. on January 27, 2010. The source, who was not authorized to speak to the media and requested anonymity, said the plant in a yet-to-be-determined U.S. location was expected to build Toyota Corolla cars and a Mazda crossover utility vehicle. FILE PHOTO - Toyota Camrys and Avalons sit ready to shipped at the Toyota Motor Manufacturing Plant in Georgetown, Kentucky, U.S. on January 27, 2010. In North America, Toyota builds Corolla cars in Canada and Mississippi and announced plans in 2015 to shift Canadian Corolla production to a new $1 billion plant in Mexico.

Source: VietNamNet News August 04, 2017 03:56 UTC