Mazda, S'tomo to build car plant in Mexico -Nikkei

Newswire

TOKYO, Nov 30 (Reuters) - Japan's Mazda Motor and Sumitomo Corp will jointly spend 30 to 40 billion yen ($355 million-$475 million) to build a car plant in Mexico, which will supply compact cars to Latin America, the Nikkei business daily reported on Tuesday. Mazda will hold a majority stake in the joint venture which will operate the plant, while the manufacturing facility will start rolling out compact cars in 2013 at a pace of 100,000 units a year, the Nikkei said. (Reporting by Yumiko ...

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