Mazda and Toyota to open plant in USA
The world’s largest Asian carmaker Toyota and smaller compatriot company Mazda will be joining forces to face the challenges of e-mobility and step up the offensive against non-automotive tech giants. Last Friday it was announced that Toyota will take a 5 percent stake in Mazda, for which the latter gets a 0.25 percent stake in the former.
The first concrete result of this partnership will be a joint-venture assembly plant in the U.S. where Toyota will build Corollas and possibly other compact sedans, while Mazda will use the factory to produce crossovers. The $ 1.6-billion plant is expected to be ready by 2021, have a capacity of 300,000 units per year and provide employment to 4,000 people. The location is yet to be determined.
Fending off Google & co
Naturally, Mazda and Toyota will also be collaborating in the development of electrified vehicles. According to Automotive News, Toyota would work on the battery-side, while Mazda is responsible for the overall architecture. Also connected car technology (vehicle-to-vehicle and vehicle-to-infrastructure communication) will be co-developed.
“In the past, competition among automakers was about sales and volume,”Toyota CEO Akio Toyoda said at the joint press conference. “We’re now facing new competitors, such as Google, Apple and Amazon…That’s why I feel it has become increasingly important for us automakers to gather new partners.”
Picture copyright: Mazda, 2017 | 07/08/2017 | Dieter Quartier