Monday, August 4, 2014

Mazda plans to end Thai passenger vehicle production JV with Ford

Mazda is said to be planning to dissolve a passenger vehicle production joint venture (JV) with Ford, reports Nikkei Report. According to the news service, the Japanese automaker intends to take over the production line currently run by Ford, which would initially lift its production at the Auto Alliance Thailand site from 50,000 units per annum (upa) to 100,000 upa by 2018. Ford will shift production to its other site in the country in stages. Mazda also intends to produce engines at the same site by then, with total investment reaching JPY30 billion (USD294.6 million). However, Mazda and Ford will retain stakes in a site that will continue to produce pick-ups for the pair.

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