NC a finalist for Toyota-Mazda vehicle plant

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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.

The other state is Alabama. Representatives of both companies do not comment on the data, however, insiders claim that experts brands abandoned the idea to build a plant in Texas, Tennessee and SC.

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.

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Unsurprisingly, the price to land a new automotive plant is steep. North Carolina, home to the tech triangle, does not now host an automotive plant.

In October, Toyota reduced the size of its initial investment in a new plant in Mexico.

Crawford said he will be rooting for the Randolph County site to get the plan, because it is only eight miles away from Chatham County. It said spokesmen for both vehicle companies declined to comment.

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By the time the plant opens in 2021, parts suppliers and other support operations would likely set up shop nearby, bringing more jobs.

According to a formal announcement earlier this year by the two companies, their alliance will be far reaching and will see Toyota acquire a 5% stake in Mazda, the smaller maker taking a stake in its new partner, as well.

The two finalists appear to be Alabama and North Carolina, according to multiple news reports.

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