Toyota to get a rebadged version of the Mazda2
Will be built in Mexico
Toyota has announced plans to sell a rebadged version of the Mazda2.
The sub-compact model will be built at Mazda's newly-constructed factory in Salamanca, Mexico. Production is slated to begin in the summer of 2015 and Toyota expects to sell 50,000 units annually.
The model will likely be based on the next-generation Mazda2 and have unique styling. It could slot below the Yaris, but nothing is official as of yet.
In return for the vehicle, Toyota will give Mazda an "appropriate" amount of money to cover the car's development and production costs.
According to the two companies, Toyota will strengthen its North American vehicle lineup while Mazda will increase production efficiency at its Mexican plant.
Mazda to Produce Toyota Vehicle at Mexico Plant
TOYOTA CITY, Japan, Nov. 9, 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 lineup, while Mazda aims to increase production efficiency and contribute to its profitability.
Related Articles
Mazda to expand Mexican plant, confirms it will produce three vehicles
U.S. Spec 2011 Mazda2 Unveiled for LA Auto Show Crowds
Add comment
Latest Photo Albums
2014 BMW X5
BMW Gran Lusso Coupe concept
BMW Gran Lusso Coupe concept
2014 BMW 5-series facelift
2014 Mercedes-Benz S-Class
2014 Jaguar XJR
2014 Jaguar XKR-S GT
2014 Cadillac CTS
Comments (4)