Based on the Mazda2, Mazda will build a sub-compact for Toyota after Mazda’s new plant in Mexico opens, the company says. The new (Mazota?) will start production around the summer of 2015 at a pace of 50,000 units per year, Toyota says.
This is helpful for both sides. Toyota’s production capacities in North America are working at the limit. Toyota can get a brand new model with loved technology without inordinate development costs.
Cash-strapped Mazda gets financial assistance from Toyota which will pay for a portion of production equipment costs, development costs related to the Toyota vehicle, in addition to a portion of costs related to the plant’s production-capacity increase. Everybody happy.
Mazda’s plant in Mexico is scheduled to start production within the fiscal year ending March 2014, No other information was available on Friday evening in Tokyo. Maybe later.