Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Mazda Motor Corp    7261   JP3868400007

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Mazda Motor : Toyota-Mazda project win started with invitation-only RFP

share with twitter share with LinkedIn share with facebook
share via e-mail
01/13/2018 | 02:32pm CET

Jan. 13--What started as a request for a proposal issued last summer for a Toyota-Mazda project culminated this week when the automakers announced their manufacturing plant would be built in Huntsville-annexed Limestone County.

The RFP issued by Toyota-Mazda, with the assistance of Jones Lang LaSalle, was "invitation only," said Shane Davis, the city of Huntsville's urban development director. More than 100 sites in more than 25 states were considered for the project, according to Davis' presentation to the Huntsville City Council on Thursday.

The list reportedly was narrowed to 11 states, then to two: Alabama and North Carolina.

The initial RFP response included the "shovel-ready" 1,200-acre Tennessee Valley Authority-certified megasite in Huntsville-annexed Limestone County, Davis said, but the proposal eventually grew to 2,400 acres. The site runs from Old Highway 20 on the southern boundary to a Tennessee Valley Authority substation north of Powell Road.

"It kept evolving during the site selection process," Davis said Thursday during a tour of the site. "It's a very fluid process."

Davis' presentation gave a list of site considerations: a development-ready site, transportation logistics, reliable utilities, educated and available workforce, pro-business environment and quality of life.

"Being able to respond quickly was a challenge," said Davis, who worked through Thanksgiving and Christmas holidays on the deal, "but I think it was a difference in winning and losing."

The two automakers plan to invest $1.6 billion in the facility that will employ about 4,000 workers and have the capacity to build 300,000 vehicles a year. Early last year, they announced they would create a joint-venture entity to build a new U.S. auto assembly plant to produce the Toyota Corolla and a new Mazda crossover vehicle.

Huntsville Mayor Tommy Battle said this week that the anticipated return on investment for the community is $5.6 billion over the next 20 years.

"If ever there was a slam-dunk deal, this is a great one," Battle said.

"We can't invest any wiser" to achieve that kind of return, Davis said.

The Huntsville City Council on Thursday night approved a development agreement with local direct and nondirect incentives of $320 million, in addition to the state's $380 million incentive package with property tax abatements and jobs and investment credit.

Two of the nondirect projects on the local incentives list -- completing the five-lane Greenbrier Parkway to Interstate 65 and five-laning Old Highway 20 from Greenbrier Parkway to County Line Road -- were already part of Huntsville's capital improvements plan.

"We'll accelerate those schedules a little bit," Davis said.

Battle called the facility "a generational project" that will provide benefits residents across north Alabama.

Following the announcement in Montgomery, officials mentioned the loss of a Volkswagen plant in 2008 to a megasite near Chattanooga.

That same year, the city of Huntsville commissioned a firm to create a master plan for thousands of acres of the Huntsville-annexed land in Limestone County, and started investing in roads, sewer and utilities there. In June 2016, TVA certified 1,242 acres there as a megasite.

"We did things that would make the site a success," Battle said. So, when the RFP arrived in August, "we were ready to go."

"We lost Volkswagen, (but) that was the seed that made today possible," Limestone County Commission Chairman Mark Yarbrough said.


[email protected] or 256-340-2438. Twitter @DD_MAccardi.


(c)2018 The Decatur Daily (Decatur, Ala.)

Visit The Decatur Daily (Decatur, Ala.) at www.decaturdaily.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on MAZDA MOTOR CORP
03/20BAYERISCHE MOTOREN WERKE PREFERENCE : Two people injured in pileup of five autos..
03/20MAZDA MOTOR : Hawk Auto working on third Joliet dealership for Route 59
03/19MAZDA MOTOR : Japanese automakers Toyota, Mazda to build joint plant in US
03/19MAZDA MOTOR : Accident claims 18 lives on Lagos /Ibadan Expressway
03/19MONDAY MATTERS : UAFS student wins on 'The Price is Right'
03/19MAZDA MOTOR : Accident Claims 18 Lives On Lagos-Ibadan Expressway
03/19MAZDA MOTOR : Crash along Lagos expressway kills 19
03/19MAZDA MOTOR : 18 people perish on Lagos-Ibadan Expressway ghastly motor accident
03/17MAZDA MOTOR : repair and maintenance services
03/16MAZDA MOTOR : Refreshed 2018 Mazda 6 sedan moves upmarket, along with price
More news
News from SeekingAlpha
03/20Chinese control of cobalt supply is risk for car industry, Glencore CEO says 
03/01EV Company News For The Month Of February 2018 
03/01Automobile stocks in reverse 
03/01Strong demand for CX-5 lifts Mazda to big month 
02/28U.S. Light Diesel Market To Grow 168% In 2018 And Another 86% In 2019 
Financials ( JPY)
Sales 2018 3 464 B
EBIT 2018 -
Net income 2018 111 B
Finance 2018 56 137 M
Yield 2018 2,53%
P/E ratio 2018 7,86
P/E ratio 2019 7,70
EV / Sales 2018 0,24x
EV / Sales 2019 0,23x
Capitalization 897 B
Duration : Period :
Mazda Motor Corp Technical Analysis Chart | 7261 | JP3868400007 | 4-Traders
Technical analysis trends MAZDA MOTOR CORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 19
Average target price 1 646  JPY
Spread / Average Target 16%
EPS Revisions
Masamichi Kogai President, CEO & Representative Director
Seita Kanai Chairman
Tetsuya Fujimoto Managing Executive Officer & Head-Finance
Mitsuo Hitomi Head-Technology Research Center
Akira Marumoto Representative Director & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORP-6.12%210 085
VOLKSWAGEN-3.09%99 455
DAIMLER-2.99%89 948
HONDA MOTOR CO LTD-7.21%61 981