Nissan in talks with billionaire Eike Batista for a possible partnership in Brazil

Article by Christian Andrei, on August 27, 2011

Nissan Motor Co. is in discussions with billionaire Eike Batista about the possibility of a partnership in Brazil while it aims to increase vehicle output capacity by four times in the country.

According to the company’s COO Toshiyuki Shiga in an interview with reporters recently in Sao Paulo, the company is studying its options for a new facility in the country including an agreement with Batista, who is the richest man in Brazil.

He disclosed that the company is evaluating alternatives for its new Brazilian facility but he refused to reveal the details of the likely partners.

In addition, he states that Nissan intends to construct a plant in Brazil with capacity to manufacture 200,000 vehicles annually, and aims to increase market share in the country from 1.2 percent to 5 percent, as disclosed by CEO Carlos Ghosn last June 27.

Currently, the company’s annual capacity is 60,000 units through a plant shared with Renault SA in Sao Jose dos Pinhais, which is in the Southern Brazilian state of Parana.

Shiga added that the company has a “very strong commitment” to the market in Brazil -- the reason why it decided to invest in the new plant in the country.

He further stated that the company is still deciding on a location for the plant. Christian Mounier, the head of the company's Brazilian subsidiary, revealed in a press conference that Nissan is in a good position to attract investors who may provide the funds for the project. Obtaining financing from the National Development Bank in Brazil is also an option for Nissan, Mounier stated.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 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