World News Mazda to build plant in Mexico The company will build engine and vehicle assembly plant to make small cars. It will be located in Salamanca city, Guanajuato state, north of Mexico City, and will be built in an alliance with trading company Sumitomo Corp. They will manufacture the Mazda2 subcompact and Mazda3 compact, primarily for Central and South America.
improved in Mexico since entering the market in October of 2005. The $ 500 million factory complex in Mexico is scheduled to open sometime after April 2013 and have an annual production capacity of 140,000 vehicles. It will employ about 3,000 people at full capacity. Plans are also in the pipeline to start a Brazilian sales company sometime between April of next year and March of 2013, selling vehicles produced in Japan until the Mexican plant starts operating. Mazda will own 70 per cent of the factory complex and the Brazilian sales company, while Sumitomo will own 30 per cent.
GM investing $ 65 million in engine plants The factory complex is aimed at increasing Mazda’s presence in Brazil, which has become the world’s fourth-largest auto market after China, the US and Japan. The company stated that its sales have
The company will invest the said amount in existing engine plants in New York and Tennessee. The company is spending $ 33 million at a plant in Tonawanda near Buffalo, New York, and will retain or create
100 jobs. The automaker will also put $ 32 million into a plant in Spring Hill, Tennessee, about 30 miles south of Nashville, and add or create 63 jobs.
The investments are part of the $ 2 billion effort announced in May that the company would keep or add 4,000 jobs in 17 plants in eight US states. The newly announced New York investment of $ 33 million follows $ 825 million investment in that plant in 2010. The plants will make fuel-efficient 2.4 litre Ecote four-cylinder engines for Chevrolet cars and crossover SUVs, including the Chevrolet Malibu sedan, Equinox crossover and GMC Terrain crossover.
August 2011 - MODERN MACHINE TOOLS
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