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Toyota, Mazda $1.6 billion plant goes to Alabama, sources say

Alabama will be the site of a new $1.6 billion Toyota and Mazda auto plant, a victory for President Donald Trump who had prodded manufacturers to build new U.S. facilities and threatened tariffs on foreign production, sources said on Tuesday. The plant, which will employ up to 4,000 people and produce about 300,000 vehicles a year, will be located in Huntsville, Ala., and is a boon for the state, where Toyota has a large engine plant and an existing network of automotive suppliers. A formal announcement by company and state officials is expected on Wednesday in Montgomery, sources briefed on the matter said. The new plant — in a state Trump won by 28 points in 2016 — could be a political boost to the Republican president, who has urged automakers to build plants in the United States and add jobs. The companies said they expect the plant to open in 2021. Trump tweeted in March he wanted "new plants to be built here for cars sold here." The White House did not immediately comment on Tuesday. The announcement also comes at a time of declining U.S. auto industry sales, so it could exacerbate overcapacity and add pressure to cut prices. U.S. new vehicle sales fell 2 percent in 2017, after hitting an all-time record high in 2016, and are expected to fall further in 2018. Details of an anticipated tax and incentive package for the investment were not yet known. It has been reported the companies sought at least $1 billion in incentives. A Toyota spokesman declined to comment, except to say an announcement was expected soon. A Mazda spokeswoman also declined to comment. In recent months, the companies had narrowed their choices down to sites in Alabama and North Carolina. Local media last month said the leading site under consideration was in northern Alabama's Limestone County, near Toyota's large engine plant in Huntsville. In September, Toyota announced a $106 million technology upgrade for the Huntsville plant. A Chamber of Commerce of Huntsville website for the "Huntsville Mega Site" touts the fact it has been "certified as development-ready." The commerce chamber, local and state officials declined to comment on Tuesday on plans for the plant. A year ago, President-elect Trump criticized Toyota and threatened hefty tariffs against the Japanese automaker if it built its Corolla sedan for the U.S. market in Mexico. "Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S.

Masamichi Kogai new Mazda president and CEO

There's some executive rearranging going on in the top suite at Mazda Motor Corporation in Japan, with current CEO Takashi Yamanouchi telling reporters there "I'd like to hand over the work to younger people" now that the company has returned to profitability. Yamanouchi became CEO on November 19, 2008 of an independent Mazda that had to fight for its future in the immediate aftermath of the global financial crisis. What followed was four years of losses before finally getting back to black last year.
Masamichi Kogai (pictured) will be appointed the new president and CEO on June 25, pending approval at the company's annual general shareholders' meeting. Kogai assisted Seita Kanai with the production-efficiency initiative that Mazda called Mono Tsukuri Innovation, which worked to give export-dependent Mazda the best chance at profitability in spite of a rising yen. Kogai, lately in charge of production and purchasing, has been with the company since 1977 and worked in areas from R&D to logistics.
Kanai, who headed the Mono Tsukuri effort and was among the leadership on Skyactiv, will be promoted from executive vice president to vice chairman. Akira Marumoto will become executive VP of Mazda and assistant to new president Kogai. Yamanouchi will remain Chairman of the Board. There's a short press release below to make it official.

The Mazda MX-5 Miata RF's trick roof will cost you at least $2,555 extra

Now that loyal customers have been given the opportunity to preorder the Mazda MX-5 Miata RF Launch Edition, Mazda has finally announced pricing for the regular 2017 MX-5 RF lineup. The vehicle, with its gorgeous power retractable hardtop, will come in two trims – the MX-5 RF Club and Grand Touring when the vehicle goes on sale early next year. The MX-5 RF Club with the manual transmission is priced at $32,390, including $835 destination, which represents an additional $2,955 over a six-speed manual MX-5 Club with a soft top. An automatic is a $730 option for both RF and soft top Club models. The range-topping MX-5 RF Grand Touring trim will start at $33,455 with a six-speed manual transmission, which is $1,170 less than the Launch Edition's price tag of $34,685 and $2,555 more than a soft-top model. Opting for the automatic transmission on the Grand Touring trim bumps the price tag up to $34,660. The MX-5 RF models are similarly equipped to the soft-top models. The Club models benefit from cloth seats with red stitching, a limited-slip differential (when equipped with a manual transmission), suspension from Bilstein, and an optional Brembo brake and BBS wheel package for an extra $3,400. The more luxurious Grand Touring models get adaptive headlights, heated leather seats, and lane departure warning. The MX-5 RF models, just like the regular soft-top models, don't have many options. Hands-free keyless entry is a $130 option, while premium paint options, which includes Machine Gray Metallic (the same color on the Launch Edition) and Soul Red Metallic both cost $300. Crystal White Pearl Mica is only available on Grand Touring models and will cost an additional $200. Unlike the Launch Edition that was limited to only 1,000 units, there's no production limit on the regular MX-5 RF. Mazda will being delivering the MX-5 RF Launch Edition in February of 2017, with the standard MX-5 RF models following shortly after. Related Video: Featured Gallery 2017 Mazda MX-5 Miata RF View 15 Photos News Source: MazdaImage Credit: Mazda Mazda Convertible Lightweight Vehicles Performance pricing mazda mx-5 rf