Stock market quotes, forex, financial news, forex tools – money-investing.com

Japanese will build car factories in the US state of Alabama for 1.6 billion US dollars

 Breaking News
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
  • Israel economy sets anti-records Israel is a recognized high-tech paradise, a stable and strong platform for business development. However, the economy of the country in the Middle East has failed to resist the consequences...
  • A car rental service Hertz went bankrupt Hertz, the largest US car rental company, has filed for bankruptcy. The company was founded already in 1918. For a hundred years, Hertz has coped with the Great Depression, the...
  • Monday starts with the growth of oil prices The energy market started today’s trading session with the steady growth. Quotes are increasing on the signals about the recovery in demand and a decrease in production in the States....
  • Nissan plans deep cuts due to the crisis A Japanese auto giant Nissan Motor Co. is experiencing a deep crisis provoked by the spread of the coronavirus pandemic. Amid a sharp decline in demand for its products, Nissan...
Japanese will build car factories in the US state of Alabama for 1.6 billion US dollars
January 10
09:00 2018

The authoritative American edition The Wall Street Journal has reported ambitious plans of Japanese automakers. It’s about Toyota Motor and Mazda Motor holdings. The Japanese are going to invest more than one and a half billion US dollars in the construction of auto factories in the town of Huntsville, which is located in Alabama.

The decision in principle to build together a factory was made last summer. However, the accurate location of the future construction has been published just now.
The Japanese will spend about three years to build the necessary infrastructure; the grand launch of the production facilities has been planned for 2021.

It is supposed that the opening of the factories will bring jobs for about four thousand people. Due to such a huge team, more than three hundred thousand cars will be produced per year. The emphasis will be placed on the models of Toyota Corolla and Mazda crossovers.

Alabama is becoming a real car center of the United States. At the moment, the southeast of the USA has become the home to three car factories: the German Daimler, the Japanese Honda and the South Korean Hyundai. There’s also the world’s largest factory in producing engines, which is owned by the auto concern Toyota. At the end of last year, the German automaker Daimler promulgated the decision on attracting additional investments in the amount of one billion US dollars to expand the production capacity.

The published news has had an impact on the stock capitalization of Japanese automakers. Mazda has added 0.7% in price, Toyota – 2.2%. The upward trend will persist for some time and then we should expect the correction of the positions.

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment