Mazda to build subcompact for Toyota in Mexico

  • 09-Nov-2012 10:50 EST

Mazda will build a Toyota-branded subcompact vehicle based on the Mazda2 in Mexico beginning in summer 2015, the two companies announced on Nov. 9. To be built at a pace of about 50,000 units annually, the vehicle will be sold mainly in North America. Production will take place at a new plant Mazda being built in Salamanca, state of Guanajuato, where the Mazda2 and Mazda3 will also be built. Plant capacity was originally planned at 140,000 units annually for the Mazda products only. but will be increased to accommodate the Toyota model. The companies did not release financial terms of the deal.

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