Toyota and Rival Mazda Could Be About to Build a $1.6 Billion Assembly Plant in U.S.

Toyota Motor tm and rival Mazda Motor mzday are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said.

The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers, and employ about 4,000 people when it opens in 2021, the person said on Thursday.

A new auto plant...

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