Bloomberg reports Alabama and North Carolina are the final two states who are in the running to land the Toyota and Mazda plant, citing people familiar with negotiations. But all of the state's efforts have been in vain, with companies from Volvo to Mercedes to Hyundai picking other sites in the Southeast. North Carolina, home to the tech triangle, does not now host an automotive plant.
Tennessee, Texas, and SC were among the more than dozen states linked to the factory. There are two megasites in Chatham County, one in Edgecombe County and one on the Guilford-Randolph counties border.
Alabama. South Carolina. It doesn't matter.
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. The news source reports MS was seen as an early contender for the plant.
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They expect this year's earnings to fall -41.1% year-over-year to -$1.72, followed by -40.12% decline in the next year to -$1.03. The biopharmaceutical company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.53) by $0.15.
Mazda and Toyota declined to comment for Bloomberg's story. Whatever the competition, North Carolina keeps surfacing as a finalist.
Randolph County is in the process of expanding its site by rezoning 370 acres to add to the 1,500 acres that comprise the site.
Toyota confirmed in August that the plans for the $1.6 billion joint vehicle factory will have an annual capacity of 300,000 units and create around 4,000 jobs for the area that is chosen.
The joint factory, proposed to open in 2021, is the first new auto plant to be announced during the tenure of President Donald Trump.