Mazda to Open New Production Facility in Mexico

With both the U.S. and the European economies hurting, automakers are constantly looking for the 'best deal' in emerging markets. Mazda introduced its automobiles in Mexico only six years ago but are constantly expanding in the country. Looking for more sustainable growth, the company has now established a new production facility in Salamanca, Mexico, in joint venture with Sumitomo Corporation. According to Mazda CEO Takashi Yamanouchi, “Since Mazda established its sales network in Mexico six years ago, we have experienced a remarkable acceptance from the people of Mexico. Last year Mazda sold over twenty-five thousand vehicles and captured over three percent market share. We are excited to be constructing this new facility here in Mexico with our partner Sumitomo Corporation. It will be vital to bolstering our expansion in Central and South America.”