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Mazda’s Mexico Plant to Supply Europe, Other Markets
Mazda Motor Co. will begin shipping "tens of thousands" of Mexican-made small cars to Europe in early 2014, The Nikkei says.
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Mazda Motor Co. will begin shipping "tens of thousands" of Mexican-made small cars to Europe in early 2014, The Nikkei says.
Mazda is opening a new assembly plant and adjoining engine factory in Salamanca, Mexico, a few months from now. The complex will have initial capacity to build 140,000 Mazda2 and Mazda3 small cars per year. Output is scheduled to climb to 230,000 units in 2015.
Mazda also plans to ship Mexican-made cars to unspecified other overseas markets, according to the Tokyo-based newspaper. It notes that the new facility offers relatively low production costs and the benefits of Mexico's free-trade agreements with Europe, Japan and the U.S.
Mazda has said it intends to maintain annual production capacity in Japan for 850,000 vehicles but expand global sales to 1.7 million units in the fiscal year beginning April 2015. Last year the company exported 80% of its domestically produced vehicles. The Nikkei says.
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