Mazda to Produce Toyota Vehicle at Mexico Plant

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 
production-capacity increase. 
Through the agreement, TMC aims to strengthen its North American vehicle 
lineup, while Mazda aims to increase production efficiency and contribute to 
its profitability. 
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.
ST: Ontario
-0- Nov/09/2012 07:30 GMT
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