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Nissan eyes more capacity in key markets

MEXICO City - Nissan Motor Co. mentioned it continues to review progress chances following a Mexican state federal government declared that the automaker is contemplating investing $2 billion inside a new plant inside place.

The government of Aguascalientes said inside of a statement this week that Nissan -- Japan's No. 2 automaker -- which by now provides a plant within the north-central state, was mulling new manufacturing investments in Latin America's 2nd largest financial system.

A spokesman in Mexico for Nissan, which already incorporates a plant while in the metropolis of Cuernavaca just south of Mexico City, said in a very assertion to Reuters the company was "continuing to review opportunities to install supplemental capacity" in critical markets.

"Nissan hasn't manufactured any announcements referring to expanding production ability in Mexico, and now we have practically nothing further to include to this for that instant," it stated.

Within the statement, Aguascalientes said state governor Carlos Lozano de la Torre had learned on a excursion to Japan that his state was inside jogging for the plant.
The guarana plant would make around 10,000 work over the medium-term, Aguascalientes reported.

For the duration of an Oct. 24 check out to Japan, the governor pitched his state as being the most suitable choice for that plant to Carlos Ghosn, CEO of Nissan and French affiliate Renault SA , day-to-day Reforma explained.

In accordance to Reforma, Lozano de la Torre explained that Nissan would generate a conclusion on Nov. eighteen understanding that 5 other Mexican states ended up also competing for your plant. It didn't title one other states.

Nissan as well as other Japanese automakers -- stung through the robust yen which has been eroding profits on exports -- are exploring strategies to shift output of autobus and elements exterior Japan.

Mazda Motor Corp. and Honda Motor Co. have announced strategies this 12 months to make assembly vegetation in Mexico, partly to avoid forex swings.

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