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LATIN AMERICA: "The Mexican Automotive Industry: Current Situation, Challenges and Opportunities" re

LATIN AMERICA: "The Mexican Automotive Industry: Current Situation, Challenges and Opportunities" report. 116-page report by PRO MEXICO.

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back to index backLATINtalk March,  2017


WardsAuto: Toyota: No Regrets on Mexico Sourcing Plans

Toyota officials say they aren’t having second thoughts about plans to build a new assembly plant in Mexico for Corolla small-car production, despite U.S. government threats of a 20% border tax on Mexican imports.

Toyota North America CEO Jim Lentz says a shift in sourcing strategy is impossible near-term because of the complexity involved in rejiggering the supply chain and the wrench it would throw into the automaker’s strategy to maximize efficiency at its regional assembly plants.

The plan to move Corolla to Mexico is just one piece of a much larger puzzle of (reorganizing) our North American footprint,” Lentz tells a small group of reporters here on the sidelines of the annual National Automobile Dealers Assn. convention. To take out one piece (of the plan) that is the Corolla and…do something different kind of destroys this strategic plan to move the rest.”

The production strategy is aimed at improving logistics and gaining efficiency. It calls for smaller vehicles to be built in the southern U.S. at Toyota’s Mississippi plant and in Mexico, where Toyota is building a new facility in Guanajuato to take over production of Corolla small cars from Canada beginning in 2019.

Output of larger passenger vehicles such as the Camry, Highlander, Sienna and some Lexus models will be concentrated at Toyota’s Midwest operations in Kentucky and Indiana, as well as in Canada. Truck output will come from the automaker’s plant in Texas and in Mexico, Lentz says.

Last week, Toyota confirmed a $600 million expansion of its Princeton, IN, plant to increase Highlander CUV production. It earlier began moves to boost Tacoma pickup production in Mexico, with 60,000 units in added capacity expected to come online later this year.

To read the entire article, please click here.

Source: WardsAuto - GAI






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