Nissan Motor Co. will build a $2 billion auto assembly plant in Mexico, its third in that country – as it works to outgun rival Honda Motor Co. Click below to read the rest.
The plant, in Aguascalientes, Mexico, will have initial capacity to build 175,000 light vehicles annually for the United States, Mexico and Latin America, with plans to expand. Production is scheduled to begin by the end of next year.
Nissan did not specify what model will be produced at the plant initially, but one company executive described it as “an existing B-segment nameplate that is currently in short supply.” That description suggests the subcompact Versa, which already is built at an existing Nissan plant in Aguascalientes and sold in the United States and other markets.
Models will be added as capacity is increased at the new plant. Nissan’s other Mexican plant is in Cuernavaca. A redesigned Versa sedan was launched last fall and has been exceeding sales expectations.
