TOKYO—Alabama and North Carolina are the final states in the running to win a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion. A dozen states, including Tennessee, Texas and South Carolina, had been in contention.
SALAMANCA, Mexico—Mazda is planning to invest $120 million to build an engine factory adjacent to its vehicle assembly plant here. The new facility will be able to produce 230,000 engines per year.
