NC a finalist for Toyota-Mazda vehicle plant

North Carolina states still in the running for Toyota Mazda plant	 	 	 		 A Toyota sign located at a dealership in Atlanta Georgia

North Carolina states still in the running for Toyota Mazda plant A Toyota sign located at a dealership in Atlanta Georgia

Makers reportedly wanted $1B in incentives for new plant.

Even with the 10-digit incentive package demand, 15 states jumped at the chance to secure the new plant and its thousands of jobs, including the usual suspects: Michigan, Ohio, Indiana, Texas, Mississippi, Illinois and SC, which are already home to several auto plans.

Scott Vazin, a Toyota spokesman, and Jeremy Barnes, who represents Mazda, both declined to comment.

The Japanese automakers announced the plans for the new plant in August, saying the move will create 4,000 jobs.

In October, Toyota reduced the size of its initial investment in a new plant in Mexico.

The chances for Alabama to be the new home of a $1.6 billion joint auto factory appear to be increasing, according to a new report. Chairman Rid Pell said he hopes the land will be a draw for the potential plant.

According to Bloomberg, the companies are asking for an incentive package valued at $1 billion.

While Toyota has facilities in Texas and Alabama, only Alabama survived the cut.

CBS North Carolina will update this story as it develops. Mazda will build crossovers at the plant, and Toyota intends to build the Corolla there. Mazda and Toyota plan to announce their final choice by early next year, Akira Marumoto, Mazda's executive vice president, told reporters in Tokyo earlier this month. Toyota will began producing a new "two-box van" for sale by Mazda in Japan.

Latest News