Toyota Motor Corp said on Wednesday it will build a new sport utility v...
) said on Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars.
The largest Japanese automaker announced in January 2018 would build the factory in Alabama with Mazda Motor Corp . Toyota, which said the shift was due to “a growing consumer appetite for light trucks and SUVs,” still expects to start production in 2021. In recent years, American vehicle buyers have dramatically shifted away from cars to crossovers, SUVs and pickup trucks.
Toyota will continue to build Corolla cars at its Mississippi plant. Mazda said previously it would build a new SUV at the joint venture plant that will assemble up to 300,000 vehicles annually.Among U.S. states, Alabama is already the fifth largest producer of cars and light trucks. The state has more than 150 major auto suppliers and 57,000 automotive manufacturing jobs.
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