Unsurprisingly, the price to land a new automotive plant is steep. Toyota and Mazda are angling to receive an incentive package of at least $1 billion for the upcoming plant estimated to carry a value of $1.6 billion.
CBS North Carolina will update this story as it develops.
By the time the plant opens in 2021, parts suppliers and other support operations would likely set up shop nearby, bringing more jobs.
In October, Toyota reduced the size of its initial investment in a new plant in Mexico. Mazda, which imports all the models it sells in the US, plans to produce crossovers alongside ToyotaCorolla compact cars at the new plant. Mazda executive vice president Akira Marumoto told reporters that the automakers will announce a final decision on the plant location by early next year.
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