According to The Wall Street Journal
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.
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