More buzz about plants in Mexico

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.

0

Shares

ATTENTION COMMENTERS: Over the last few months, Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Newsletters