According to The Wall Street Journal, Mazda is seriously considering a new plant in an emerging market, with Mexico being mentioned as the most likely target in order to have a base to enter additional markets in South and Central America. Of course, a plant in Mexico might also be used to supply vehicles to the United States by virtue of the North American Free Trade Agreement.
If Mazda does indeed build a new plant in Mexico, it's likely to partner with SumitomoCorp, which holds three percent of the Japanese automaker's shares. Ford, from whom SumitomoCorp acquired those shares, is also thought to be a possible, though seemingly less likely, partner on the project.
[Source: The Wall Street Journal]