July 20, 2005
Nissan to invest US$45 million for new subcompact production
Aguascalientes, Mexico – Nissan is investing US$45 million to upgrade its Mexican production facilities to prepare for the launch of a new 1.5-litre, fuel-efficient subcompact, as reported by the Green Car Congress.
In January, Nissan CEO Carlos Ghosn announced that the company planned to produce and sell a new compact car in North America, possibly in 2006. The car will use the chassis from the March, a popular model sold in Japan, and a 1.5-litre engine co-developed with Renault.
Nissan’s Mexican plants currently produce 300,000 cars and 100,000 trucks each year. The planned extension will boost annual output capacity to 400,000 vehicles, including 100,000 subcompacts.