Toyota may set up a new manufacturing site in Mexico

Article by Christian A., on September 12, 2014

Toyota Motor Corp. has sent some people to scour Mexico for possible locations for a production site, sources privy with the matter told Bloomberg. Toyota executives recently held a meeting with federal officials to discuss possible construction of a new site in the country, said one of the sources. Toyota remains that only global carmaker not having a full assembly plant in Mexico.

Carmakers have been flocking to Mexico mainly because of its low labor costs, trade agreements and proximity to the United States. In fact, a number of major carmakers -- Kia Motors Corp., BMW AG and a Daimler AG-Nissan Motor Co. venture – are investing into three $1-billion sites in the country.

While Toyota is mulling a site in Mexico, the size and the timing of the investment has yet to be determined, one of the sources said. Tony Saldana, a spokeswoman for Toyota, told Bloomberg in an e-mail that Toyota is “always evaluating opportunities in North America in line with market demand,” adding that no decisions have been made.

The Mexican government has said that around $10 billion of manufacturing sites have been announced or commenced opened since Enrique Pena Nieto took office in December 2012.

That surge in investment should make auto production in the country reach record 3.2 million in this year, according to the Mexican Automobile Industry Association. Toyota does not necessarily have no presence in Mexico.

The Japanese carmaker operates a small Tacoma pickup site near Tijuana, but the plant doesn’t build vehicles from scratch and isn’t regarded as a full assembly plant. Mazda Motor Corp. will also build 50,000 vehicles for Toyota annually.

Topics: toyota, mexico, plant

If you liked the article, share on:

Comments

Recommended

Tesla Motors may soon revive its plans to offer battery swapping services using a new approach. This comes as the carmaker was discovered to have filed a patent months ago...
by - September 21, 2017
There is indeed very good news for fans and enthusiasts of Mercedes-Benz’s AMG GT range: a Black Series is coming to town. This was according to a report by Australian...
by - September 21, 2017
We all know of the standard M4 and the more powerful M4 GTS model, but in between those two models is the newest M4 CS. The CS trim comes with...
by - September 21, 2017
Hyundai has unveiled to the global public its latest sedan that elegantly combines luxury and performance in one innovative package under its Genesis luxury brand – the new Genesis G70....
by - September 21, 2017
A lot of people have been questioning BMW’s design direction lately, albeit the beautiful Z4 concept and the alluring 8 Series concept are excluded from this narrative. This began after...
by - September 20, 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