Free Trial

Production begins at new Alabama auto plant; hiring ongoing

This photo combination shows the logo for, from left, Mazda and Toyota. The first vehicles are rolling off the line of a new auto plant in Huntsville, Ala., Thursday, Sept. 30, 2021, and the joint venture between Mazda and Toyota is still hiring workers. (AP Photo/File)

HUNTSVILLE, Alabama (AP) — Production has begun at a new auto plant in north Alabama and the companies running the facility continue to hire workers at a brisk pace.

Work on the first 2022 Corolla Cross vehicles began with the press of a button at the Mazda Toyota Manufacturing, a joint venture between Mazda Motor Corp. and Toyota Motor Corp.

In 2018, the Japanese automakers selected Huntsville, Alabama, for the mammoth facility that will eventually have the capability to produce up to 300,000 vehicles per year, split evenly between Mazda and Toyota.

The joint venture on Thursday said it was in the middle of hiring another 1,700 workers and anticipates reaching up to 4,000 employees once production is in full operation next year.

“This is the moment MTM and our North Alabama community have waited for since we broke ground in November 2018,” said Mark Brazeal, a vice president at the facility. “We are excited to see Corolla Cross in dealerships across the U.S.”

More than $2.3 billion has been invested in the plant and the companies last year committed another $830 million to ensure cutting-edge technologies could be worked into its manufacturing processes.

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Toyota Motor (TM)
4.6145 of 5 stars
$174.67-0.7%2.65%8.30HoldN/A
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Recent Videos

How Fintech Strategy at FinWise Bancorp and CEO Vision Are Driving 78% Gains
5 REITs Poised for Growth in 2025 – Top Real Estate Investments to Watch
GameStop’s Cash Pile Grows: Will This Be Enough to Save the Company?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines