Alabama 1 of 2 states in running to land Toyota, Mazda plant

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The Bloomberg report states the two companies have trimmed the list from about a dozen states to two for weeks, and it could require an incentive package totalling $1 billion.

Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint vehicle factory worth $1.6 billion, people familiar with the negotiations told Bloomberg. Until recently, other states still under consideration for the factory were Tennessee, Texas and SC. Mazda will build crossovers at the plant, and Toyota intends to build the Corolla there.

The factory is scheduled to open in 2021. It said spokesmen for both vehicle companies declined to comment. MS was also seen as an early contender for the plant.

The Toyota-Mazda plant would employ about 4,000 people, the companies said in August when they first announced plans for the joint operation. They'll also work together on connected-car systems, a collaboration that will include creating a new infotainment system.

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