Auto Industry Giants The Toyota and Mazda companies are planning to invest $ 1.6 billion to set up a car manufacturing plant in the United States. These companies are actively involved in the production of electric cars and unite their efforts in this area.

President Donald Trump welcomed the company's decision on his Twitter page and underlined that this investment would create up to 4,000 new job places in the United States.

The plant will start functioning since 2021. Both companies, which are competitors, have shared their obligations and expected profit respectively. The plant plans to produce about 300 thousand cars a year.

This information will be accepted with great enthusiasm by President Trump's supporters. The President is the great advocate for the development of local production. Previously, in his Twitter page, he firmly criticized Toyota's plans to build a new plant in Mexico, threatening to increase the import customs duty.

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