Friday, 4 August 2017

President Trump hails $1.6bn US investment by Toyota and Mazda

Japanese car giants Toyota and Mazda have teamed up to invest $1.6bn in a new car plant in the US.

The new factory aims to produce 300,000 vehicles a year and expects to employ about 4,000 people.

President Donald Trump tweeted the decision was "a great investment" in US manufacturing.

The two carmakers have also agreed to join forces to develop electric car technology, and Toyota is to take a 5% stake in Mazda.

BBC    News.