Mazda Motor to Open Plants in Mexico Through Joint Venture

Mazda Motor has formed a joint venture company with Japanese trading company Sumitomo. They've made an investment of $500 million dollars to set up a factory in Mexico for the production of the Mazda2 and Mazda3 compact cars, as well as engines. The Japanese trading company and Mazda are trying to take advantage of the growing Central and South American economy. They will also be expanding into Brazil for the same reasons.

The plant is going to be built in Salamanca city, Guanajuato state, just north of Mexico City and is expected to start operations in the fiscal year 2013 (April 2013 to March 2014). The factory will produce 140,000 vehicles per year primarily for Central and South America.

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