Nissan to invest $400 million in assembly operations in Mexico

Article by Christian A., on March 8, 2011

Looking to offset the yen’s strength and boost sales in the Americas, Nissan Motor Co. is increasing its investment by $400 million for its assembly operations in Mexico. The carmaker said it will invest $1.05 billion at plants in Mexico's Aguascalientes and Cuernavaca through 2013, an increase from a $600 million plan announced in 2010.

Company spokesman David Reuter said Nissan announced the increase at a ceremony in Aguascalientes, signaling the start of production of the March subcompact. He added that the additional investment is to increase production of a small sedan and a small “multi-purpose” vehicle at Aguascalientes, off the March platform.

Last year, Nissan aimed to raise annual production in Mexico to about 700,000 vehicles, seeking higher sales in Mexico and in other Latin American markets. While Nissan already exports Sentra and Versa small cars from Mexico to the United States, Reuter did not say if the Mexican-built March and the other two models will be sold there.

Without elaborating, Reuter added the small sedan goes into production later in 2011 and the multi-purpose vehicle will be built beginning in 2013.

In an interview at the recent Geneva Auto Show, Nissan senior vice president Andy Palmer said the yen is “hurting” the company and that even if there has been some relief, the situation is worsening due to the recent Middle East crisis. [via gulfnews]

If you liked the article, share on:

Topics: nissan, investment

Comments

Recommended

November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 2017
As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 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