toyota

Indiana reportedly won’t be the location of a new Toyota-Mazda plant slated for construction in the U.S. in the next few years.

The South Bend Tribune reports economic development officials in St. Joseph County announced this week that Indiana had been dropped from consideration.

Indiana economic development officials are in Japan this week to bolster relationships with the Hoosier State’s top source of foreign investment.

The Asian nation backs more business in Indiana than in any other state – especially in the automotive sector, at Honda, Toyota, Subaru and their suppliers.

And that investment isn’t just about jobs. Those big Japanese-owned factories are also huge energy consumers. That’s why Gov. Eric Holcomb’s Japan trip includes power company executives, such as Harold Gutzwiller of Hoosier Energy in Bloomington.