The Wall Street Journal: Toyota, Mazda team up for U.S. assembly plant that would create 4,000 jobs

Toyota Motor Corp. and Mazda Motor Corp. are expected to announce Friday plans to build a $1.6 billion assembly plant in the U.S. that would create 4,000 jobs and be up and running by 2021, according to a person briefed on the plans.

The new factory’s location hasn’t been decided. Once built, it would produce 300,000 vehicles a year with half being the Toyota Corolla and the rest an unspecified Mazda model, the person said.

The two Japanese car makers also will form a joint venture to co-develop electric vehicles, safety features and connected-car technologies, the person said.

Mazda 7261, +2.80% had previously operated with Ford Motor Co.

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