Mazda Toyota Manufacturing Invests Additional $830 Million into Alabama Plant
HUNTSVILLE, AL—Mazda Toyota Manufacturing (MTM), a joint venture between carmakers Mazda and Toyota, have significantly increased their previously announced investment to build a new assembly plant here.
MTM is investing another $830 million in the state-of-the-art factory, bringing its total cost up to $2.31 billion. That compares with the $1.6 billion price tag initially announced in 2018.