TORONTO, Nov. 9, 2012 /CNW/ - Toyota Motor Corporation (TMC) and Mazda Motor
Corporation (Mazda) announced that Mazda's plant in Mexico, currently under
construction, will produce a Toyota-brand vehicle for sale mainly in North
America. The sub-compact Toyota-brand vehicle, to be based on the Mazda2, is
to start production around the summer of 2015 at a pace of 50,000 units per
year and will be sold through Toyota dealerships.
Mazda's plant in Mexico is scheduled to start production within the fiscal
year ending March 2014, with Toyota investing an appropriate portion of
production equipment costs and development costs related to the Toyota vehicle
and also an appropriate portion of costs related to the plant's
Through the agreement, TMC aims to strengthen its North American vehicle
lineup, while Mazda aims to increase production efficiency and contribute to
Mazda Mexico Plant Outline (as of June 17, 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 |
Sandra Lemaitre, National Manager, Public Relations (905)
SOURCE: Mazda Canada Inc.
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CO: Mazda Canada Inc.
NI: AUT NP
-0- Nov/09/2012 07:30 GMT
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