The news of a gain in over 200,000 new jobs in July is further proof of President Trump making good on his campaign pledge to create new jobs. As if that isn’t enough good news, Trump also announced that Mazda and Toyota will be building a manufacturing plant in the U.S. in the near future.
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The news comes in the form of a Tweet, which is a popular form of communication by President Trump.
On Friday, Trump tweeted that the two car manufacturers will be building a $1.6 billion plant in the U.S. which will bring over 4,000 jobs.
There are few concrete details as of now about when the manufacturing plant will be built, but reports state the plant will be functional by 2021. Trump, who publicly criticized Toyota in January, along with other car companies, applauded the decision to bring a plant to America.
According to The Hill, Toyota, and Mazda will be acquiring five percent shares from each other as the two work together on bringing electric vehicles to the states.
The news of Toyota coming to the states spells bad news for the manufacturing plant in Mexico that was going to produce the Corolla — one of Toyota’s popular cars. That plant is currently in the process of being built.
Toyota has gone on the record to state that Trump’s influence had nothing to do with them bringing a plant to the U.S. “We have been reviewing the best production strategy for our business,” Toyota President Akio Toyoda said.
The two companies decided to combine forces after news that technology companies such as Apple, Amazon, and Google were creating their version of the electric car, according to Fox News.
“New players from totally new business are challenging us,” Akio said at a press conference. “That’s why I feel it has become increasingly important for us automakers to gather new partners without seeing things in confrontational perspectives.”