Mazda Motor Corp. will produce a small car for Toyota Motor Corp. to sell mainly in North America at a factory it's building in Mexico, the two companies said Friday.
The Toyota-brand subcompact, based on the Mazda2, is scheduled to go into production around the summer of 2015. About 50,000 units per year will be built and sold through Toyota dealerships, they said.
The production agreement reflects the difficulties of smaller Japanese brands in the United States. Mazda recently withdrew from the Flat Rock venture in Michigan, where it had built cars jointly with Ford Motor Co.
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