Toyota and Mazda to Have Joint U.S. Plant
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Toyota Motor Corp. has confirmed it will take an equity stake in Mazda Motor Corp. on a venture that will lead them to jointly develop and produce electric vehicles. The two carmakers confirmed they will also set up a new, $1.6 billion assembly plant in the United States. Toyota already operates a broad network of factories in the U.S.
Read more at U.S. News and World Report: https://www.usnews.com/news/business/articles/2017-08-04/source-toyota-mazda-plan-ev-partnership-possible-us-plant
