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

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- North Carolina is one of two finalists for a vehicle manufacturing plant that would be jointly owned and operated by Toyota and Mazda, according to a Tuesday report in industry newspaper Automotive News.

Both Toyota and Mazda declined to comment to Bloomberg about the claims.

The auto companies announced earlier this year that they were searching for a place to establish a plant that would manufacture 300,000 vehicles a year.

The Japanese automakers announced the plans for the new plant in August, saying the move will create 4,000 jobs.

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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.

CBS North Carolina will update this story as it develops.

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. Tennessee, Texas and SC were recently still in consideration, the people told Bloomberg. The other three mega-sites are near Siler City and Moncure in Chatham County and east of Rocky Mount in Edgecombe County.

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