MONTGOMERY, Ala. - Japanese automakers Toyota and Mazda are building a joint-venture auto plant in Alabama.
Alabama Gov. Kay Ivey and company executives made the announcement in a Wednesday news conference.
Alabama and North Carolina were finalists for the plant that will eventually employ about 4,000 people. It will be able to build 300,000 vehicles per year and will produce the Toyota Corolla compact car for North America and a new small SUV from Mazda, the companies have said.
The plant will be located near Huntsville.
Ivey said, "This is indeed a great day in Alabama."