++mazda++ Mazda will manufacture Toyota cars in Mexico
Tokyo, Japan.- Mazda will produce Toyota vehicles for the North American market in their new Mexico plant, both companies informed last Friday.
Mazda Plant, currently under construction in Guanajuato, will start producing around 50,000 Toyota subcompact vehicles as of the summer of 2015, both automotive companies informed in a joint press release.
The production of Toyota cars will add to the 140,000 Mazda2 and Mazda3 that the company is planning to assemble annually in this plant as of the fiscal year ending on March 2014.
“This important announcement is the result of a year of analysis and negotiations between both companies; we at Toyota Mexico are proud of the culmination of this project which reaffirms our commitment to Mexico’s development and future”, Jose Manuel del Barrio, President and CEO, Toyota Mexico, said in a press release.
Toyota added that this strategic alliance is proof of their confidence in Mexico and that they will later disclose further details, to be agreed with the Federal Government.