The announcement of Toyota and Mazda adding 4,000 new jobs and investing $1.6 Billion in the US is great news, well great news for Southern States that gain such investment from foreign automakers which in turn is bad news for the “Rust Belt” that is in desperate need of manufacturing jobs to return (and promised in campaign) – PB/TK
A $1.6-billion Toyota-Mazda factory in the US will probably be politically useless for Trump – By Matthew DeBord / Aug 4 2017
Toyota and Mazda announced on Friday plans to build a $1.6 factory to make Corolla sedans and, in Mazda’s case, crossover SUVs, which are popular in the US market.
President Trump welcomed the news. “Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!” he tweeted.
The creation of 4,000 new manufacturing jobs is nothing to sneeze at, and from a business perspective, Mazda could use US manufacturing. Its lineup of crossovers has been well reviewed and is helping it to capture gains from a sales boom in America.
But for Trump, the likelihood that the new factory will be built in a state that helps him win re-election in 2020 is extremely slight.
The so-called foreign “transplant” carmakers have favored states in “Detroit South” for their plants. There are three key reasons for this.
Continue to businessinsider.com article: http://www.businessinsider.com/how-toyota-mazda-factory-affects-trump-2017-8
