by "davesaddiction @ opposite-lock.com" (davesaddiction)
Published 08/04/2017 at 08:54
by "davesaddiction @ opposite-lock.com" (davesaddiction)
Published 08/04/2017 at 08:54
No Tags
STARS: 1
Some great news for the long-term health of Mazda! “Toyota and Mazda have announced plans to build a $1.6 billion manufacturing plant in the United States that will create as many as 4,000 jobs. The Japanese automakers said in a statement Friday that the facility would be operational by 2021, but did not specify where it would be built.
Mazda plans to build new crossover vehicles for the U.S. market at the plant, while Toyota will produce its Corolla model there.
Toyota (TM) and the much smaller Mazda (MZDAF) also announced a new business partnership on Friday — the latest example of consolidation in the auto industry. Toyota will pay about $450 million for a 5% stake in Mazda as part of the deal, while Mazda will buy a stake of the same value [0.25% - LOL!] in Toyota.
In addition to the new factory in the U.S., the automakers said they would collaborate on safety and technology for electric vehicles.”
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And just so we’re clear, I don’t follow Trump on Twitter...
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"Ash78, voting early and often" (ash78)
08/04/2017 at 08:55, STARS: 2
This will be great, just like when Obama praised Caterpillar and Trump praised Rheem, then both firms laid off a huge chunk of their workforce shortly thereafter. #presidentialcurse /s
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 08:58, STARS: 0
Well, let’s hope not.
"pip bip - choose Corrour" (hhgttg69)
08/04/2017 at 09:01, STARS: 3
Trump is not a reputable news source, he is fake news.
"Honeybunchesofgoats" (honeybunche0fgoats)
08/04/2017 at 09:03, STARS: 7
This is awesome. Now instead of people moaning in separate stories about the lack of turbos in Toyobarus and Miatas, they can do it in a single story. Efficiency!
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:05, STARS: 0
He’s definitely fake and a liar, but he’s assuredly not a news source. However, in this case, he spoke the truth.
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:07, STARS: 0
Link, because Kinja: http://money.cnn.com/2017/08/04/news/economy/mazda-toyota-jobs-factory-trump/index.html
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:09, STARS: 1
Hahaha! Interesting point, though... If there is another generation of the 86, will it ride on a Miata chassis? Is Mazda’s partnership with Fiat limited to the 124 Spider?
"mazda616" (mazda616)
08/04/2017 at 09:13, STARS: 1
Right now, Toyota licenses the Prius’ hybrid technology to Mazda for use in the Japan-only hybrid Mazda3. And Mazda rebadges Mazda2 sedans for Toyota and Toyota sells them as the Yaris iA, one of their best selling small cars. This is a good deal all around.
"Honeybunchesofgoats" (honeybunche0fgoats)
08/04/2017 at 09:15, STARS: 2
My money is on the 86 getting killed off and all of the people complaining about it today will start bemoaning how Toyota doesn’t make enthusiast cars and start mythologizing it.
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:17, STARS: 1
That would be a solid bet, if not for this: http://www.roadandtrack.com/new-cars/future-cars/news/a31838/toyota-confirms-a-second-generation-86-is-in-the-works/
"bhtooefr" (bhtooefr)
08/04/2017 at 09:19, STARS: 2
It’s interesting to compare and contrast that decision, against this one: http://www.autonews.com/article/20170801/OEM02/170809957/evs-aren-t-the-only-answer-mazda-exec-says
For quite a while, I’ve suspected that Mazda’s real long-term strategy was essentially, design lightweight ICE platforms for as long as possible, and then when that is no longer viable, hope that someone wants their platform technology enough to buy them out. It’s a risky strategy - most anyone that can buy them out has their own platform technology, and they won’t have experience packaging electric technology - but it seems that Toyota is increasing their involvement in Mazda, so...
"bhtooefr" (bhtooefr)
08/04/2017 at 09:22, STARS: 1
It doesn’t exist until it’s on dealer lots, though.
Hopefully they actually make it a liftback. You know, like the real AE86.
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:24, STARS: 0
From another article:
Where will Toyota gain from this partnership?
On Toyota’s side, leaders have expressed interest in Mazda’s Skyactiv technology, specifically the high compression ratio Skyactiv engines that have been setting the bar for fuel efficiency in a number of categories. Mazda’s Kodo design language, which is designed to capture the soul of motion, has also been the object of admiration from Toyota leaders. While the details are still being ironed out, it should mean more big things for Toyota going forward.
Weren’t Toyota and Mazda already partners?
They were, but in a lesser capacity. Toyota has been providing hybrid technology to Mazda and Mazda has been using its Mexico plant to make Toyota vehicles. This recent partnership represents the next stage of that partnership, which should have long-term benefits for car buyers. Undoubtedly, Toyota and Mazda will continue to compete on the sales front, but this partnership should help both brands flourish in their efforts to create great cars at affordable prices.
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:26, STARS: 2
I think so! Let the speculation begin on whether the next 86 will ride on a Miata chassis!
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:27, STARS: 0
Oh for sure, but I’m glad they were committed to it recently, at least.
"PS9" (PS9)
08/04/2017 at 09:29, STARS: 3
Mazda had to do something. The currency issue with Japan was hitting them really hard, and given that they don’t have Ford’s help anymore, a plant in the US was the only way to go.
That plus the ‘yota partnership probably means they won’t be taking on water when the US economy takes another shit, which it is poised to do soon after 7 or so years of building momentum.
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:33, STARS: 1
Yeah, hearing about all the stupid loans people are taking again really gives me a warm, fuzzy feeling inside...
"MontegoMan562 is a Capri RS Owner" (montegoman562)
08/04/2017 at 09:42, STARS: 0
Toyota and Mazda to built plants in the US! And Mexico will pay for it!
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 09:55, STARS: 0
Well, yeah, if they buy the cars...
"MontegoMan562 is a Capri RS Owner" (montegoman562)
08/04/2017 at 12:14, STARS: 0
I was joking that mexico would have to pay for the plants in the US. running with the “they’ll pay to build the wall” joke.
"davesaddiction @ opposite-lock.com" (davesaddiction)
08/04/2017 at 12:17, STARS: 1
I know. “We’ll never build those f***ing plants!”
"MontegoMan562 is a Capri RS Owner" (montegoman562)
08/04/2017 at 12:33, STARS: 2
Oh yes you will!
(stop saying that you’re making my job hard)
lol
"gmporschenut also a fan of hondas" (gmporschenut)
08/04/2017 at 19:37, STARS: 1
Only perk is that Mazda buildin small cars would be in a good market spot.