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 brand mainly in North America. The sub-compact Toyota-brand vehicle, to be based on the Mazda2, is start production around the summer of of 2015 at a pace of 50,000 units per year and will be sold through 2015 at Toyota dealerships.
Mazda’s plant in Mexico is scheduled to Mazda’s plant in Mexico is scheduled to Mazda’s plant in Mexico is scheduled to to start production within the fiscal year ending March 2014, with Toyota invest ing an appropriate portion of production equipment costs and development costs related to the Toyota vehicle and also an appropriate portion of costs related to 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 to its profitability.
