Toyota, Mazda to build $1.6 billion plant in Alabama

Workers complete a truck's engine on the assembly line at the Toyota Motor Corp. manufacturing facility in San Antonio, Texas

T.J. Kirkpatrick | Bloomberg | Getty Images

Workers complete a truck’s engine on the assembly line at the Toyota Motor Corp. manufacturing facility in San Antonio, Texas

Toyota Motor as well as Mazda Motor are set to unveil plans for a $1.6 billion assembly plant in Huntsville, Alabama, sources familiar with the matter tell CNBC.

which announcement is actually anticipated to be made Wednesday afternoon in Alabama. Toyota executives as well as Alabama Governor Kay Ivey are slated to attend which announcement, sources said.

The plant, which will build the Toyota Corolla along with some other designs, is actually a huge win for President Donald Trump’sadministration which has made a point of stressing which would likely add manufacturing jobs, especially inside auto industry.

The plant is actually projected to employ about 4,000 workers as well as produce approximately 300,000 vehicles a year.

A spokesperson for Toyota declined to comment to CNBC.

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