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1 Billion Invested in New Toyota Corolla Plant in Mexico

New, state-of-the-art Corolla plant in Guanajuato, Mexico

Megan Stewart
Apr 15, 2015

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.

2016 Toyota Corolla Special Edition front end Photo 2/7   |   2016 Toyota Corolla Special Edition

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.

2019 Toyota Corolla
$18,700 Base Model (MSRP) 28/36 MPG Fuel Economy

"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."

2016 Toyota Corolla Special Edition interior Photo 3/7   |   2016 Toyota Corolla Special Edition

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.

Current-generation Toyota Corolla pictured.

Source: Toyota

2016 Toyota Corolla Special Edition side profile Photo 7/7   |   2016 Toyota Corolla Special Edition
By Megan Stewart
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