MEXICO CITY -- Toyota Motor Corp. will study producing SUVs at a plant it is building in Mexico's central state of Guanajuato, in addition to the Tacoma pickup, Toyota of Mexico spokesman Luis Lozano told Reuters on Friday.
Toyota plans to acquire a 5 percent stake in smaller Japanese rival Mazda Motor Corp. as part of an alliance that will see the two build a $1.6 billion U.S. assembly plant and work together on electric vehicles.
"We're going to concentrate only on pickups at the beginning and are studying the potential for SUVs in the future," Lozano said.
Toyota has been adding light truck capacity in North America in response to customer demand and rising sales of pickups, crossovers and SUVs.
Toyota initially planned to produce Corollas at the $1 billion plant being built in Guanajuato. But Corolla output, and a new Mazda crossover, will now be shifted to the planned U.S. assembly plant.