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Toyota, Mazda partner to build EVs at new $1.6 billion U.S. plant

TOKYO — Toyota and Mazda plan to build a $1.6 billion U.S. assembly plant, the two said on Friday, as part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies. The two will take small stakes in each other as part of the tie-up: Toyota, the world's second-largest automaker by vehicle sales last year, will take a 5 percent share of Mazda, extending its dominance in Japan's auto sector. Mazda will take a 0.25 percent share of its larger rival. The plant, something of a surprise at a time of overcapacity in the U.S. market, will be a boost to U.S. President Donald Trump, who campaigned on promises to increase manufacturing and expand employment for American autoworkers. The plant will be capable of producing 300,000 vehicles a year, with production divided between the two automakers, and employ about 4,000 people. It will start operating in 2021. The electric vehicles cooperation, meanwhile, comes as the tightening of global emissions regulations prompts more automakers to develop battery powered cars, as the industry struggles with hefty research costs and intense competition from technology companies over technology like self-driving cars. As part of the agreement, Toyota and Mazda will also work together to develop in-car information technologies and automated driving functions. Toyota, Japan's biggest auto company, has been forging alliances with smaller Japanese rivals for several years, effectively engineering a loose consolidation of the Japanese auto sector. It already owns a 16.5 percent stake in Subaru, Japan's No. 6 automaker, with which it also has a development partnership. Toyota is also courting compact car maker Suzuki to cooperate on R&D and parts supply as Toyota seeks to tap its smaller rival's expertise in emerging Asian markets. A stake in Mazda may also prevent future incursions by tech companies, one analyst said. "For a technology company which lacks the expertise in making cars, Mazda could look like a very interesting acquisition. They're very good, they're not too expensive. Maybe Toyota realizes this," CLSA managing director Chris Richter said. "By buying a 5 percent stake, Toyota takes Mazda off the table rather than having it sit out there like a free agent which could someday be used against them." COROLLA PRODUCTION SHIFT Mazda stands to gain from a deal that gives the small automaker a production foothold in the United States.

Meet our new long-term 2016 Mazda MX-5 Miata Club!

We have a new Miata! For a year! And yeah, we're excited about it. This adorable roadster was added to our fleet over a month ago, but we've just now stopped driving it long enough to tell you about it. You can watch our unboxing video for this new long-termer above. (Spoiler alert: The car in the box is a Miata.) Then read a little more about which options and features we chose and why. What we got We chose the mid-line Club model because it's the only way to get the suspension with Bilstein shocks, the limited-slip differential, and a shock-tower brace. Club also includes an appearance package with a front air dam, side sill extensions, a rear bumper skirt, and a ip spoiler for the trunk. We chose Ceramic Metallic paint because it's white and silver and awesome all at once. The only option we chose is the Brembo/BBS Package. In addition to the upgraded brake system and 17-inch wheels alluded to by the title, this package adds Mazda's advanced keyless entry – you can unlock the doors and start the car without taking the key-thing out of your pocket. The MSRP for the car is $32,835. What we skipped The Grand Touring trim (too fancy), the automatic transmission (too few pedals), and extra-cost red paint (not ceramic enough). Grand Touring adds lots of convenience stuff like rain-sensing wipers and auto climate, some active safety systems, and leather. We wanted the upgraded chassis instead, and we' were trying to save some (hypothetical) money. Why we got it Because it's a Miata, and we like fun. The plan is to drive the bleep out of it for a year and report on the experience along the way. We'll take it to a track or two, keep the top down as far into winter as possible, and then slap some snow tires on it to continue . Maybe at a slight angle relative to straight-ahead at times. We'll see. If you have questions about this car, leave them in the comments below and we'll address as many as we can during the coming months. Miata! Related Video:

Xcar tries to figure out what makes the Miata so great

Over the past 25 years and 3 model generations, the Mazda MX-5 Miata has shown that you don't have to be the best to be a massive success. The little, Japanese roadster has never been the absolute peak of automotive performance, but it's precise handling, good reliability and frugal running costs have helped make it a star. Autoblog recently tried to give you the experience of driving one on video, and now Xcar Films has made its own in an attempt to show what makes this droptop an icon.
As Xcar puts it, the Miata isn't the world's best sports car, but it is the world's favorite. When they were originally designing the roadster, Mazda's engineers took everything that made British droptops from the '60s great, and junked all of the stuff that made them a terror to own. The result was a car that would start up everyday with no fuss and get drivers wherever they needed to go with a huge grin on their face.
The fourth-generation Miata is imminently on the way for its September 3 unveiling, and the very early rumors indicate that Mazda doesn't plan to rock the boat too much with the latest one. It supposedly rides on a longer wheelbase and wider track but with the weight trimmed by over 200 pounds. Check out Xcar's video for a primer on MX-5 history and why the automotive world loves this little roadster.