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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
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

SOURCE Mazda Canada Inc.

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