Toyota, Mazda to build $1.6 billion plant in Alabama

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Incentives for Toyota-Mazda plant in Alabama

Also, the state of Alabama offered $380 million in tax abatements, investment rebates and the building of a worker training facility. Production is targeted to begin by 2021.

That announcement is expected to be made Wednesday afternoon in Alabama.

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The new plant in Huntsville - already a hub for the region's budding aerospace industry - will produce 300,000 vehicles per year, a combination of the Toyota Corolla compact auto and a new small crossover SUV from Mazda.

"Not only that, it's really hard to measure the positive impact that having companies create career opportunities like this and how that transforms families", Canfield said.

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The new plant will be based in Huntsville, which is already a hub for the region's budding aerospace industry.

Currently Honda and Hyundai operate assembly plants in Alabama.

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The plant will make the Toyota Corolla sedan and a new Mazda crossover. "Alabama is already home to hundreds of our team members who build 700,000 engines per year for North American vehicles at our plant in Huntsville".

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