TOKYO—Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion. A dozen states, including Tennessee, Texas and South Carolina, had been in contention.
WASHINGTON—Toyota Motor Corp. and rival Mazda Motor Corp. are planning to build a $1.6 billion U.S assembly plant as part of a new joint venture. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers.
TOKYO—Toyota Motor Corp. wants to smooth the oft-bumpy ride for startup companies by forming a new venture capital business. Armed with an initial $100 million to invest, Toyota AI Ventures will seek companies that are taking on challenging research related to artificial intelligence and robotics.
Mississippi has a robust manufacturing sector that includes world-class companies such as Airbus Helicopters, GE Aviation, Ingalls Shipbuilding, Nissan, Northrop Grumman, Toyota and Viking Range. It’s also home to a world-class organization at the University of Mississippi.
GUANAJUATO, Mexico—Toyota has begun construction on a $1 billion assembly plant here, its fifteenth manufacturing facility in North America. The factory, which will produce the Corolla, is expected to employ approximately 2,000 workers.
MASHIKI, Japan—Toyota and Nissan have suspended production at two plants in Japan that export Lexus and crossover vehicles after an earthquake damaged two suppliers’ factories.
GEORGETOWN, KY – When one thinks of the skills necessary for auto manufacturing, origami probably doesn’t appear on the list. But the ability to create an origami cat, one-handed, with a non-dominant hand is a critical first step in the training process for stitching the instrument panel of the Lexus ES.
TOKYO—Toyota has resumed operations at all vehicle assembly and parts plants in Japan after its longest domestic production suspension since the March 2011 earthquake and tsunami.