Mazda Toyota Manufacturing commits further with additional investment
18 Aug 2020|1,941 views
Mazda Toyota Manufacturing (MTM), the new joint-venture between Mazda Motor Corporation and Toyota Motor Corporation, has announced an additional $1.137 billion investment to incorporate more cutting-edge manufacturing technologies to its production lines and provide enhanced training to its workforce of up to 4,000 employees.
Total funding contributed to the development of the state-of-the-art facility is now $3.165 billion, up from the $2.2 billion originally announced in 2018. The investment reaffirms Mazda and Toyota's commitment to produce the highest-quality products at the facility.
It also accommodates production line enhancements made to improve manufacturing processes supporting the Mazda vehicle and design changes to the yet to be announced Toyota SUV that will both be produced at the plant. The new facility in Alabama will have the capacity to produce up to 150,000 units of a future Mazda crossover vehicle and up to 150,000 units of the Toyota SUV each year. MTM continues to target up to 4,000 new jobs and has hired approximately 600 employees to date, with plans to resume accepting applications for production positions later in 2020.
Mazda Toyota Manufacturing (MTM), the new joint-venture between Mazda Motor Corporation and Toyota Motor Corporation, has announced an additional $1.137 billion investment to incorporate more cutting-edge manufacturing technologies to its production lines and provide enhanced training to its workforce of up to 4,000 employees.
Total funding contributed to the development of the state-of-the-art facility is now $3.165 billion, up from the $2.2 billion originally announced in 2018. The investment reaffirms Mazda and Toyota's commitment to produce the highest-quality products at the facility.
It also accommodates production line enhancements made to improve manufacturing processes supporting the Mazda vehicle and design changes to the yet to be announced Toyota SUV that will both be produced at the plant. The new facility in Alabama will have the capacity to produce up to 150,000 units of a future Mazda crossover vehicle and up to 150,000 units of the Toyota SUV each year. MTM continues to target up to 4,000 new jobs and has hired approximately 600 employees to date, with plans to resume accepting applications for production positions later in 2020.
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