Mexican economy keeps on truckin’

Mexican economy keeps on truckin’Still another automotive plant moving to Mexico. This is the third or fourth announcement within the last year.

Hino Motors, a subsidiary of Toyota Motor and a manufacturer of diesel trucks and buses, has decided to establish a new truck manufacturing company, Hino Motors Manufacturing Mexico, in Guanajuato, Mexico, through a joint venture with Mitsui.

Hino has said that it has entered the Mexican market and started marketing its Hino 300 series, since August 2007, through Hino Motors Sales Mexico, a sales company established by Mitsui, and it will aim to increase its sales volume and position Hino’s brand in Mexico by introducing a new product, Hino 500 series.