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Tuesday, August 12, 2008

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.