Daimler, Nissan to jointly assemble passenger vehicles in Mexico

Article by Christian A., on November 18, 2011

Daimler AG and Nissan Motor Co. are finalizing their joint plans to build passenger vehicles in Mexico to be sold primarily in the North American market, the Nikkei business daily reported. The proposed assembly factory will have a production capacity of about 200,000 units a year. It is anticipated to start operating in the first half of 2014, the report disclosed.

The total investment in the plant is estimated to be $1 billion, the paper further revealed. In April 2010, Renault and Nissan formed a partnership with Daimler to jointly manufacture engines and vehicles. A spokesperson for Nissan in the United States declined to confirm the report of Nikkei.

David Reuter commented that Nissan is still growing across the world and in order to reach their strategic business goals in the Nissan Power 88 plan, it should continue to study opportunities to install additional capacity in core markets. He further disclosed that Nissan has made no announcements concerning adding manufacturing capacity in Mexico and "has nothing further to add at this time."

Previously, the company stated that it was looking into the opportunities available in Mexico after a state government there declared that the automaker was considering investing $2 billion in a new plant there. Japan's Nissan mentioned in September that it would manufacture its next Infiniti luxury models outside its home market to escape the adverse effects of a strong yen.

In June, the company outlined plans to expand its international market share as well as profit margin to 8 percent within six years. This plan was named the Nissan Power 88. A spokesperson in Germany for Daimler declined to comment, stating only that Nissan and Daimler were studying a number of options for cooperation. [source: Autonews]

If you liked the article, share on:

Comments

Recommended

There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries