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NEW YORK, United States (AFP) — Japanese automakers Toyota and Mazda announced Wednesday they will build their $1.6 billion joint US manufacturing plant in Huntsville, Alabama. In August, the companies revealed their plans for the factory, which will eventually employ up to 4,000 people. Production at the plant of vehicles for the US market is expected to begin in 2021. They also plan to jointly develop technologies for electric vehicles. “Welcome to sweet home Alabama,” […]
TOKYO, Japan (AFP) – Japanese auto giant Toyota said Thursday it was teaming up with Mazda and parts-maker Denso in a new joint venture to develop electric vehicles. The move came as Toyota, producer of bestselling hybrid vehicle Prius, steps up efforts to develop clean technologies, including electric vehicles and plug-in hybrid systems that use both petrol and electricity as energy sources. Joint research — sharing cost, engineers and knowledge — is necessary to meet increasingly […]
TOKYO, Japan (AFP) — Toyota said Friday it would discuss strengthening its partnership with Mazda as reports said they were close to a deal on a capital tie-up and building a $1.6 billion factory in the United States. The move comes as the Japanese auto industry is facing uncertainty over President Donald Trump’s drive to support US firms over foreign imports. He had earlier strongly criticized Toyota over its ongoing project to build a new […]
