Report: Toyota, Mazda select Alabama as finalist in new joint factory location

(AP Photo/Shizuo Kambayashi)

According to a Bloomberg report, Alabama is up against North Carolina for a new Toyota-Mazda car factory.

Over the past several weeks the companies narrowed down their list of contenders, which included locations in Tennessee, Texas, and South Carolina.

The $1.6 billion facility is projected to bring about 4,000 jobs. Bloomberg says the companies will select the location for their joint factory by early 2018.

Scheduled to open in 2021, the assembly factory will be the first auto plant created in the U.S. under President Donald Trump's tenure.

With plenty of space in its Interstate 22 corridor and a Toyota plant just over the state-line in Tupelo, Alabama is an attractive option.

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