MEXICO: Mazda to build Toyotas for North America
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.
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)
Mazda Motor Manufacturing de Mexico S.A. de C.V.
Salamanca city, Guanajuato state, Mexico
Annual production capacity
# # #
Original source: Mazda Europe
Results season - Q1 2013, Q4/fiscal year 2012/3, etc. We disappear under a mountain of figures and you get it all neatly sliced, diced and packaged here. Enjoy....
New Zealand's new commercial vehicle registrations of 2,235 units was the best April result since 1982 when 2,754 were sold, according to the new vehicle trade group....
Mikuni Corporation and Eberspaecher Climate Control Systems have signed a joint venture agreement. Newly established Eberspaecher Mikuni Climate Control Systems Corporation headquartered in Odawara wi...
Volkswagen may cut temporary posts as European car markets continue to weaken although chief executive officer Martin Winterkorn ruled out factory closures or any reduction in permanent workers....
Mazda Motor Corporation posted a profit for the 2013 fiscal year (FY) ending on 31 March....
- ANALYSIS - Jaguar takes on Porsche with F-PACE
- THE WEEK - aftermarket player and new products
- Autumn facelift beckons for Citroen's Family hit
- General Motors' platform strategy decoded
- Peugeot steps up a gear with new 3008
- Maserati to double Levante SUV output
- Magna to build aluminium casting facility in UK
- Ford says new Fusion hybrid has 610 miles of range
- Romanian PM asks Ford for more
- Volkswagen nominates 55 FAST suppliers
- Global light vehicle engine technologies market - forecasts to 2030
- Global light vehicle safety systems market - forecasts to 2030
- PLDB - vehicle cycle plan database (12-month membership)
- Global light vehicle roof systems market - forecasts to 2030
- Global light vehicle turbochargers market - forecasts to 2030