Japanese automakers Toyota and Mazda have picked Alabama as the site of a new $1.6 billion joint-venture auto manufacturing plant that will employ 4,000 people, a person briefed on the decision said Tuesday.
Toyota will pay up to settle a class action lawsuit brought by U.S. pickup truck and SUV owners whose vehicles lacked adequate rust protection. Two of the models were made in Indiana.
Volkswagen overtook Toyota in global vehicle sales for the January-through-June period, the first time the German automaker has come out top in the intensely competitive tallies.
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