New subcompact Toyota for North America will be based on next generation of Mazda 2

New subcompact Toyota for North America will be based on next generation of Mazda 2

Mazda will produce a Toyota model based on one of its own cars for sale in North America at its new plant currently being built in Guanajuato, Mexico. The deal is seen as another sign of how the industry globally is keen to maximise capacity at every factory.

The factory is due to come on stream by March 2014. It will build the Mazda 2 and has an initial capacity of 140,000 units and a workforce of 3,000.

An additional 50,000 Toyota subcompact models based on the Mazda 2 will be built from summer 2015 and sold through Toyota dealerships in North America, the companies said in a statement issued in Tokyo on Friday.

The statement said that Toyota will invest “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.” No figure was put on the investment by Toyota.

Toyota's current subcompact for North America is the Yaris. A number of small Scion models are also sold.

Mazda cooperated with Ford with previous generation subcompacts, with the 2 and Fiesta sharing common components and built at a plant in Spain.

Show the press release

 

Mazda to Produce Toyota Vehicle

at Mexico Plant

 

Hiroshima, 09 November 2012. 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 line-up, 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

 

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Original source: Mazda Europe