Mazda Motor Corporation fully acquires Mazda de México Vehicle Operation

Mazda Motor Corporation acquired 100% ownership of Mazda from Mexico Vehicle Operation (MMVO) , which is located in Salamanca, Guanajuato.

The Japanese automaker and Sumitomo Corporation officially agreed that Mazda will obtain all the shares of the Mexican plant.

This move between the automaker and Sumitomo , which owned 25% of the shares, will become effective at the end of the 2020-2021 fiscal year that ends in March 2021.

MMVO  was jointly established as a cooperative venture between Mazda  and Sumitomo in September 2011 to build on the strengths of both companies. And in March 2017, the Japanese OEM acquired 5% of the shares of the investing company, going from 70 to 75% in ownership.

By receiving the support of both parties and the local community, MMVO managed to manufacture more than one million vehicles with flexibility and high quality, at the same time that it promoted the location of supply stores and the development of human capital in the Bajío region.

According to Sumitomo , in the future they will continue to cooperate with Mazda Motor Corporation as important business partners in various areas within and outside of Japan. 

Currently, the Mexican plant directly employs 5,200 people , produces the Mazda 2, Mazda 3 and CX-30 , in addition to the SKYACTIV-G 1.5, SKYACTIV-G 2.0 and SKYACTIV-G 2.5 engines .