NC a finalist for $1.6 billion Toyota-Mazda plant, report says

NC a finalist for $1.6 billion Toyota-Mazda plant, report says

Alabama and North Carolina are the final states in the running to win a prized Toyota and Mazda auto factory worth $1.6 billion, according to people familiar with the negotiations.

Several states were in the running for the massive plant.

In August, the two Japanese carmakers confirmed they will also set up a new, $1.6 billion assembly plant in the United States that will create up to 4,000 new jobs.

Tennessee, Texas, and SC were among the more than dozen states linked to the factory.

The Randolph County Planning Board voted in the affirmative Tuesday night on a rezoning request that would add 370 acres to the 1,500-acre mega-site south of Greensboro.

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Though Detroit is known as the Motor City, that designation doesn't appear to be enough to entice Toyota and Mazda to build its new jointly owned plant in MI.

As previously reported, the company Toyota will produce at the new plant sedan Toyota Corolla, while Mazda has not yet decided on the model line, but plans to give preference to crossovers. Mazda and Toyota plan to announce their final choice by early next year, Akira Marumoto, Mazda's executive vice president, told reporters in Tokyo earlier this month.

The shared facility is expected to open in 2021.

The companies are reportedly seeking $1 billion in incentives from state and local governments to land the plant, which would be more than 10 times the largest incentive deal North Carolina has ever awarded.

CBS North Carolina will update this story as it develops.