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Nissan to upgrade Mexico plant
29 July 2010: Japan’s Nissan Motor Company plans to invest $600 million (approx Rs 2,790 crore) to upgrade its plants in Mexico and start making three new low-cost cars there, positioning Mexico as its supply hub for the Americas markets.
The company which is in alliance with France’s Renault SA, plans to start assembly of its Micra compact by early 2011, then add a sedan and a multipurpose vehicle to the lineup by 2013.
Nissan plans to assemble the new models at its plant in Aguascalientes in northern Mexico, where it currently makes the Tiida compact and three other models, while it may also make the new models at its plant in Cuernavaca in the south.
The Aguascalientes plant has an annual capacity of about 3,50,000 units, while the Cuernavaca plant has the capacity to roll out 2,50,000 units per annum.
Source: Khaleej Times