Bulletin
Investor Alert

The Wall Street Journal Archives | Email alerts

Aug. 3, 2017, 8:49 p.m. EDT

Toyota, Mazda team up for U.S. assembly plant that would create 4,000 jobs

Plant could produce 300,000 cars a year

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Mazda Motor Corp. (7261)
  • X
    Ford Motor Co. (F)
  • X
    Toyota Motor Corp. (7203)

or Cancel Already have a watchlist? Log In

By Adrienne Roberts


Bloomberg News
The new plant will reportedly build Toyota Corollas and an unspecified Mazda model.

Toyota Motor Corp. and Mazda Motor Corp. are expected to announce Friday plans to build a $1.6 billion assembly plant in the U.S. that would create 4,000 jobs and be up and running by 2021, according to a person briefed on the plans.

The new factory’s location hasn’t been decided. Once built, it would produce 300,000 vehicles a year with half being the Toyota Corolla and the rest an unspecified Mazda model, the person said.

The two Japanese car makers also will form a joint venture to co-develop electric vehicles, safety features and connected-car technologies, the person said.

Mazda /zigman2/quotes/204777714/delayed JP:7261 +0.65%   had previously operated with Ford Motor Co. /zigman2/quotes/208911460/composite F +2.76%   in a joint venture in the U.S. Toyota /zigman2/quotes/203803129/delayed JP:7203 -0.78%   /zigman2/quotes/200537742/composite TM +2.29%   has worked with Subaru /zigman2/quotes/203522406/delayed JP:7270 +0.85%   and others.

An expanded version of this report appears on WSJ.com.

Click to Play

Here's how to pick retail companies that will survive the meltdown

As the retail sector is going through a severe disruption, investors are looking for ways to evaluate which companies will survive the meltdown. Here's what you need to know.

Also popular on WSJ.com:

Special counsel Mueller impanels Washington grand jury in Russia probe.

Millennials unearth an amazing hack to get free TV: The antenna.

/zigman2/quotes/204777714/delayed
JP : Japan: Tokyo
¥ 623.00
+4.00 +0.65%
Volume: 1.02M
Sept. 29, 2020 9:44a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥381.65 billion
Rev. per Employee
¥71.32M
loading...
/zigman2/quotes/208911460/composite
US : U.S.: NYSE
$ 6.69
+0.18 +2.76%
Volume: 47.58M
Sept. 28, 2020 4:02p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$25.90 billion
Rev. per Employee
$805,719
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,103.00
-56.00 -0.78%
Volume: 1.38M
Sept. 29, 2020 9:45a
P/E Ratio
13.00
Dividend Yield
1.13%
Market Cap
¥19658.41 billion
Rev. per Employee
¥81.43M
loading...
/zigman2/quotes/200537742/composite
US : U.S.: NYSE
$ 136.01
+3.04 +2.29%
Volume: 218,988
Sept. 28, 2020 4:00p
P/E Ratio
13.46
Dividend Yield
2.65%
Market Cap
$186.09 billion
Rev. per Employee
$737,463
loading...
/zigman2/quotes/203522406/delayed
JP : Japan: Tokyo
¥ 2,087.50
+17.50 +0.85%
Volume: 270,000
Sept. 29, 2020 9:45a
P/E Ratio
20.41
Dividend Yield
2.68%
Market Cap
¥1583.09 billion
Rev. per Employee
¥95.93M
loading...

Get news alerts on Toyota Motor Corp. ADR — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.