Toyota and Mazda have announced a partnership that Mazda’s plant in Mexico, currently under construction, will produce a Toyota-brand vehicle for sale mainly in North America. The new sub-compact Toyota will be based on the Mazda2, and the production will start around the summer of 2015 at a pace of 50,000 units per year and will be sold through Toyota dealerships.
Toyota is investing an appropriate portion of production equipment costs and development costs related to the Toyota vehicle and also an appropriate portion of costs related to the plant’s production-capacity increase.
Through the agreement, Toyota aims to strengthen its North American vehicle lineup, while Mazda aims to increase production efficiency and contribute to its profitability.
- Amazing Time-Lapse Video Shows Rome, Pisa & Vatican City In 4K Ultra HD
- This Slow Motion Video In 4K HD Is Mind Blowingly Awesome From Breakdancing To Motorcycling
- This Viral Photo Of A Great White Shark With Open Jaws Is Here To Haunt Your Dreams
- Need Some Travel Ideas? Check Out This Amazing Travel Video Showing Different Parts Of Turkey
- Love Yoga? This Is What Doing Yoga Would Look Like In An X-Ray Machine
- Mr. Bean Returns As A Hopeless Ninja In A Hilarious Snickers ‘You Are Not You’ Ad
- Air New Zealand Creates A New Epic Flight Safety Film With Lord Of The Rings Characters