ToyotaMotor Corporation (TMC) and Mazda Motor Corporation (Mazda) announced thatMazda’s plant in Mexico, currently under construction, will produce aToyota-brand vehicle for sale mainly in North America. The sub-compactToyota-brand vehicle, to be based on the Mazda2, is to start productionaround the summer of 2015 at a pace of 50,000 units per year and will besold through Toyota dealerships.
Mazda’s plant in Mexico is scheduled tostart production within the fiscal year ending March 2014, with Toyotainvesting an appropriate portion of production equipment costs and developmentcosts related to the Toyota vehicle and also an appropriate portion ofcosts related to the plant’s production-capacity increase.
Through the agreement, TMC aims to strengthenits North American vehicle lineup, while Mazda aims to increase productionefficiency and contribute to its profitability.
Mazda Mexico Plant Outline (as of June17, 2011 Mazda announcement)
Company name: Mazda Motor Manufacturing de Mexico S.A.de C.V.
Location: Salamanca city, Guanajuato state, Mexico
Products: Mazda2, Mazda3
Annual production capacity: 140,000 units
Employees: Approx. 3,000