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Toyota Investing $1 Billion in New Corolla Plant for Mexico

Motor Trend logo Motor Trend 4/15/2015 Megan Stewart

Last month we heard that Toyota would build a new plant in Mexico, but the facility was awaiting the green light. Today, the automaker announced its plans to invest $1 billion into building a new, state-of-the-art Corolla plant in Guanajuato, Mexico. The production of the new plant is just one step in Toyota's multi-year plan to realign North American manufacturing operations.

The new plant will feature Toyota New Global Architecture (TNGA) engineering innovations which will help the automaker achieve more sustainable growth by making better vehicles more efficiently. Production of the Corolla in the new Guanajuato plant is expected to start in 2019, when it will convert its Cambridge, Ontario North Plant to produce mid-sized, higher-value models. This step will mark the first major reinvestment in the Cambridge plant since its opening in 1997.

"We are thrilled to invest further in North America so we can better meet the needs of our customers for decades to come," said Jim Lentz, chief executive officer of Toyota North America, in a release. "This strategic re-thinking of how and where we build our products will create new opportunities for our company, our business partners and our team members across the region."

Toyota Investing $1 Billion in New Corolla Plant for Mexico

However, the Corolla won't be the only Toyota model to make its way down south. We previously reported that Mazda will build 50,000 Toyota-branded vehicles annually at its Salamanca, Mexico, plant starting next month. And while we could only speculate then on what models would be produced alongside the Mazda2, we now know that Mazda will produce the new Mazda2-based Scion iA along with the next-gen Toyota Yaris.

2016 Toyota Corolla Special Edition© Provided by MotorTrend 2016 Toyota Corolla Special Edition

Current-generation Toyota Corolla pictured.

Source: Toyota

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