Toyota JV Commences Production Of 2022 Corolla Cross, Could Hire About 4K Employees

September 30, 2021 3:33 PM | 1 min read | Make a Comment

Toyota Motor Corp TM and Mazda Motor Corp MZDAY joint venture partnership Mazda Toyota Manufacturing commenced producing the all-new 2022 Corolla Cross.
MTM is the only North American facility to produce the Corolla Cross.
MTM is hiring over 1,700 additional employees to join its existing workforce, eventually reaching up to 4,000 once production is in operation next year.
The plant can produce 300,000 vehicles a year, evenly split between the two nameplates.
MTM's investment increased to $2.3 billion when the parent companies announced an additional $830 million commitment in the summer of 2020 to incorporate more cutting-edge technologies into its manufacturing processes.
Price Action: TM shares traded lower by 3.71% at $178.57 on the last check Thursday.