Saturday, 21 April, 2018

Mazda, Toyota select Alabama for new U.S. auto manufacturing plant

SA loses out on new Toyota-Mazda factory, AP source says Source: New Toyota-Mazda factory to be built in Alabama
Preston Stone | 11 January, 2018, 03:12

Governor Ivey, speaking at an event in Alabama's capital city, welcomed the automakers to the state and said she looks forward to a long-lasting relationship that will spark a ripple effect of other investment and employment through automotive suppliers.

Alabama will be the site of a new $1.6 billion Toyota Motor Corp and Mazda Motor Corp auto plant, a victory for President Donald Trump who had prodded manufacturers to build new US facilities and threatened tariffs on foreign production, sources said on Tuesday. That is a strong testament to the quality of the location, resources, people and government leadership that Alabama offers.

I am extremely proud that Huntsville was selected by Toyota and Mazda for the joint auto production plant.

Those companies employ thousands of people and not all of those suppliers are near where the plants are which helps spread more economic development throughout the state.

The companies announced they would build a new plant at an undetermined location in August a year ago under a capital tie-up and almost 20 US states sought to land the facility.

Folsom who helped land Mercedes in Tuscaloosa County believes the Toyota-Mazda deal will add even more growth to Alabama's booming auto manufacturing industry which so far has produced almost 60,000 jobs and millions of vehicles.

The new plant -in a state Trump won by 28 points in 2016 - could be a political boost to the Republican president, who has urged automakers to build plants in the United States and add jobs.

World Bank predicts "enormous growth" for India, 7.3% in 2018-19
Protracted political and policy uncertainty could further hurt confidence and deter investment in some countries. But for 2019 and 2020, those economies are seen slowing to 1.9 per cent and 1.7 per cent, the report said.

Akio Toyoda, president of Toyota Motors, said the new facility is something of a homecoming since the company already has one plant in the state. US new vehicle sales fell 2 percent in 2017, after hitting a record high in 2016, and are expected to fall further in 2018. USA new vehicle sales fell 2 percent in 2017, after hitting an all-time record high in 2016, and are expected to fall further in 2018.

Trump has made it a priority in his presidency to bring industry that had shipped jobs overseas back to the United States as well as building up domestic job opportunities.

Toyota North America chief executive Jim Lentz said in an interview on Wednesday that pressure from Trump was not a factor in the decision to build the plant.

Mazda and Toyota said they still need approvals and authorization by antitrust agencies for the new joint venture.

Trump tweeted in March that he wanted "new plants to be built here for cars sold here".

After reassessing the market, Toyota Motor Corp. has changed its plan to make Corollas at a plant in Guanajuato, Mexico, now under construction, and instead will produce Tacoma pickups there, Toyota has said.

There will be two production lines, which are expected to have an annual capacity of some 300,000 units. Southern U.S. states have the advantage of good transportation infrastructure, business-friendly regulators and generally anti-union politicians.

Recommended

  • Trump Denies Collusion But Doesn't Commit to Mueller Interview

    Trump Denies Collusion But Doesn't Commit to Mueller Interview

    In case you weren't counting - and I was - Trump uses the exact phrase " no collusion " seven times in that answer. The Department of Justice, headed by Attorney General Jeff Sessions, reopened the investigation on January 4.
    Cam Newton: NFL asks for explanation over Carolina Panthers treatment

    Cam Newton: NFL asks for explanation over Carolina Panthers treatment

    The players have gone back and forth throughout the season. "As the season went on, we kind of found our mojo and who we are". Rookie running back Dalvin Cook set a Vikings record for rushing yards in a debut versus the Saints, 127 yards on 22 totes.
    New Trailer For SyFy's Krypton

    New Trailer For SyFy's Krypton

    Adam informs Superman's grandfather Seg-El of Krypton's impending destruction, two generations from now. But when he travels via this Zeta Beam to another planet like Rann, he becomes this hero.
  • India allows 100 percent FDI in single-brand retail via automatic route

    India allows 100 percent FDI in single-brand retail via automatic route

    However, it added the policy had so far restricted FII/FPI purchases restricted to secondary market only. In the FY 2016-17, total FDI of $60.08 billion has been received, which is an all-time high.
    Caribbean passengers delayed at JFK after flood, storm backlog

    Caribbean passengers delayed at JFK after flood, storm backlog

    On Thursday, as the snow piled up and winds strengthened, the Port Authority announced that Kennedy would temporarily shut down. Cotton said the Port Authority would investigate why the pipe broke and "hold all responsible parties accountable".
    Lenovo's refreshing their best no-frills laptops with HDR displays

    Lenovo's refreshing their best no-frills laptops with HDR displays

    Both devices also come with ThinkShutters for the webcams which act as an alternative to placing over your camera for privacy. The X1 Carbon and X1 Yoga will both be available starting this month with prices starting at $1709 and $1889 respectively.
  • Even Lupita Nyong'o can't get her hands on 'Black Panther' tickets

    Even Lupita Nyong'o can't get her hands on 'Black Panther' tickets

    Industry estimates do not believe at this point in time that Black Panther will emulate Civil War's opening despite the strong. Though presales have been great, it remains to be seen if Black Panther will repeat Civil War's $179 million opening .
    Malaysia approves new search for missing flight MH370

    Malaysia approves new search for missing flight MH370

    If the mission is successful within three months, payment will be made based on the size of the area searched. The company's shareholders would bear the upfront costs of the search, Plunkett added.
    No. 8 Red Raiders drop road contest to No. 9 Oklahoma

    No. 8 Red Raiders drop road contest to No. 9 Oklahoma

    Oklahoma: The Sooners didn't want to lose two games so early in league play in a season where the conference race looks wide open. Texas Tech is tied with West Virginia for the Big 12 lead and is 14-1 with an eight-game winning streak.
  • Harvey Weinstein Punched in the Face in Arizona Restaurant

    Harvey Weinstein Punched in the Face in Arizona Restaurant

    According to TMZ , a man approached Weinstein and asked to take a photo with him after expressing that he enjoyed his movies. Back in October, TMZ reported that Weinstein flew from Los Angeles to Arizona for treatment in an inpatient program.
    2017 was Australia's third hottest year on record!

    2017 was Australia's third hottest year on record!

    Since 2005, Australia has notched up seven of its 10 warmest years, the weather bureau said in its annual climate statement. Daytime temperatures were specifically warm, coming in as the second-warmest at 1.27 degrees above average.
    Tamil Nadu stranded as bus strike enters day 7

    Tamil Nadu stranded as bus strike enters day 7

    They are demanding that wage revision be fixed at 2.57 times while the state government refuses to budge beyond 2.44 times. He accused the unions spearheading the strike of misleading the employees and said the issue should not be politicised.

Three in Five First-Time Smokers Become Daily Smokers, Says Study Three in Five First-Time Smokers Become Daily Smokers, Says Study Data were analysed to calculate the conversion rate from ever trying a cigarette to ever smoking daily. In 2010 nearly 20% of people smoke in the United Kingdom , and in 2017 that number shrunk to 19.3%.

Trump slams 'Sneaky Dianne Feinstein' for releasing Fusion founder's testimony Trump slams 'Sneaky Dianne Feinstein' for releasing Fusion founder's testimony Fusion GPS hired former British spy Christopher Steele to produce the report, of which the main claims have been unverified. But Billionaire activist Tom Steyer , long rumored to be pondering a bid, will not get in the race - according to the L.A.

Tsunami alert after magnitude 7.6 natural disaster rocks Caribbean Sea north of Honduras Tsunami alert after magnitude 7.6 natural disaster  rocks Caribbean Sea north of Honduras The northern coast of Honduras closest to the quake's epicentre is sparsely populated, with much of it covered by nature reserves. Tsunami warnings were issued for the Cayman Islands, Puerto Rico, Jamaica , the Caribbean islands, Central America, and Mexico.

LG announces 65-inch OLED TV that rolls up like paper LG announces 65-inch OLED TV that rolls up like paper It will have 731 percent more colour points than its predecessor, along with high frame support and Dolby Atmos Sound. The Consumer Electronics Show kicks off at the end of this week and we will come again with the last CES news for you.

Ecuador seeks mediator to resolve 'untenable' Assange standoff Ecuador seeks mediator to resolve 'untenable' Assange standoff Right-wing opposition figures in the Andean nation have long objected to the amnesty. It said he should also be compensated for his "deprivation of liberty".

Moto Mod slide-out QWERTY keyboard launching later this year Moto Mod slide-out QWERTY keyboard launching later this year TalKing about the mod, the Livermorium Slider Keyboard attaches to the rear of Moto Z device and features a full QWERTY keyboard. There is even a mechanism that will allow you to tilt the phone upwards and away up to 60-degrees to give you a better angle.

Iwobi in trouble for attending party before Arsenal defeat to Forest Iwobi in trouble for attending party before Arsenal defeat to Forest Gary Brazil, Nottingham Forest's caretaker manager, in his post-match reaction said his team deserved to beat the Cup holders. You couldn't see that we really wanted to defend it. "I am very disappointed by some individual performances".

32 missing, oil tanker on fire after collision off China 32 missing, oil tanker on fire after collision off China It was not immediately clear what caused the collision. " Sanchi is floating and burning as of now", the ministry said. All 21 members of the crew in the Hong Kong registered vessel, which was carrying grains from the U.S. , were rescued.

Willie Nelson suffers cough attack on stage, cancels concert Willie Nelson suffers cough attack on stage, cancels concert Nelson is now scheduled to resume touring on February 7 with a show at Macon, Georgia's Macon City Auditorium. This is the third time Nelson has cut concerts short.

Stan Wawrinka: I'm so happy to be back on tour Stan Wawrinka: I'm so happy to be back on tour Two-time Australian Open champion Victoria Azarenka has become the latest star to pull out of the Melbourne tournament. Kim Clijsters returned from retirement after having a daughter, Jada Elle, in February 2008, and won the 2009 U.S.

"Game of Thrones" Inspired Ice Hotel Opened in Lapland For keeping the guests' warm high-quality thermal sleeping bags are always ready and hot berry juice is served in the morning. A hotel forged from snow and ice has opened for fans of " Game of Thrones " in Finland where winter is at its peak.

Mercedes-Benz Malaysia says sustaining sales growth a big challenge in 2018 Mercedes-Benz Malaysia says sustaining sales growth a big challenge in 2018 US sales were down 0.9% year over year to around 340,000 units, even though SUV sales were higher this year. For 2017, MBM's sales was driven by the locally-produced limousines which recorded 7,041 units sold.

Mothercare warns over profits following dire Christmas Mothercare warns over profits following dire Christmas Online sales in the United Kingdom fell 6.9 percent during the 12 weeks to December 30, including the key Christmas season. Newton-Jones argued it still had "sufficient liquidity and covenant headroom" within its existing facilities.

The Trump Administration Continues To Rail Against Michael Wolff's Book The Trump Administration Continues To Rail Against Michael Wolff's Book CNN is a familiar target for Trump and Miller, with each having publicly sparred with the network's star chief White House correspondent Jim Acosta.

Gayle King: Oprah isn't running for president, except if she is Gayle King: Oprah isn't running for president, except if she is DeMille lifetime achievement award touched on her humble upbringing and childhood wonder in civil rights heroes. Will she run for president? Winfrey's speech as she accepted the Cecil B.