Ford and Mazda to invest $350 million in a Thailand joint venture

Article by Christian A., on August 30, 2010

Ford Motor Co. and partner Mazda Motor Corp. will be investing $350 million in a Thailand joint venture to spend for plant upgrades, supplier tooling and employee training for their production of a new generation of compact pickup trucks.

Ford and Mazda released a statement that the new Mazda and Ford trucks at AutoAlliance Thailand is set to start production in mid-2011.

In a statement, Joe Hinrichs, head of Ford's Asia Pacific and Africa operations, said that the new production line will raise the bar in flexibility, efficiency, quality and environmentally-friendly production at AAT.

There are many reasons why Thailand, Southeast Asia's second-biggest economy, has become a major hub of light vehicle production and export (especially small pickups). This is mainly due to the incentives from the Thai government, its location and 67-million population, as well as its agriculture industry.

Since the Mazda-Ford venture was created in 1995, its investments have totaled to more than $1.85 billion in the Thailand truck plant (including the latest improvements).

Ford was a controlling partner in Mazda but recently, it has reduced its stake in Mazda to13%. In July 2009, a car plant opened on the AutoAlliance Thailand site. It currently produces the compact Mazda2 and Ford Fiesta for sale in Thailand and export to mostly southeast Asian markets.

If you liked the article, share on:

Comments

Recommended

Polestar is notably known to be Volvo's internal performance specialists, and around last year Polestar revealed to the public that it will utilize electrification to further advance the power of...
by - June 26, 2017
Earlier this month, Porsche introduced to us the 911 Turbo S Exclusive Series. The car wore a Golden Yellow Metallic paint. The same time it was launched, the company said...
by - June 26, 2017
Last month, the Lamborghini Centenario made its way to the Transformers: The Last Knight premiere where it got the attention of many. Following that event, three Lamborghini Centenario coupes landed...
by - June 26, 2017
The Holy Trinity of hypercars may not be accessible anymore after being discontinued, but that doesn’t mean we won’t see any more hypercars in the future. What we know is...
by - June 26, 2017
Kia is taking things a step further with the new Kia Stinger, which they first introduced at the 2017 Detroit Auto Show. With the specs given to us by the...
by - June 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries