Recently, we toted up all of the announced and speculated Mexican production capacity due in the next few years and got to 1.5 million units — a nifty 50 percent increase over the roughly 3 million units built in Mexico in 2013.
But that total had a big if in it — unofficial reports that Kia planned to install 300,000 units.
Now Kia has confirmed that it is looking south of the border. The company said in a statement that “Mexico is being considered as a possible location of our next overseas production facility.”
The company did not say where or how many units. Reuters said last month that Kia planned to break ground “soon” on a plant in Monterrey, with an annual capacity of 300,000.
What’s next for Mexico? Industry insiders say that’s easy — Toyota. A supplier executive told us last week he expects Toyota to announce plans for a new plant south of the border before year end.