Mazda and Toyota Launch Joint Venture for Their Future Factory
The news that Mazda and Toyota have been looking to build a joint production plant somewhere in the United States created quite a stir, especially when it was announced that the companies were together putting up $1.6 billion to make a factory that would employ 4,000 people.
Now, as the pair prepare to build the factory in Huntsville, Alabama, they have also launched a new joint-venture company to run the plant, called Mazda Toyota Manufacturing, USA, Inc., or MTMUS.
The plant now just needs to be built—Mazda and Toyota have said that they would split production capacity, with enough to make 150,000 units of Mazda’s still-under-wraps crossover and 150,000 Toyota Corollas.
Mazda’s Executive Officer Masashi Aihara, who is now president of the joint venture, said, “We hope to make MTMUS a plant that will hold a special place in the heart of the local community for many, many years. By combining the best of our technologies and corporate cultures, Mazda and Toyota will not only produce high-quality cars but also create a plant employees will be proud to work at and contribute to the further development of the local economy and the automotive industry.”
Similarly, Hironori Kagohashi, executive general manager of Toyota and the new plant’s new Executive Vice President, said, “The new plant, which will be Toyota’s 11th manufacturing facility in the U.S., not only represents our continuous commitment in this country, but also is a key factor in improving our competitiveness of manufacturing in the U.S. We are committed to realizing a highly competitive plant and producing vehicles with the best quality for customers by combining Toyota and Mazda’s manufacturing expertise and leveraging the joint venture’s synergies.”
The joint venture will start full-scale construction of the plant in 2019, with production to start two years later.