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Nissan weighs Mexico for next North America plant

Friday, November 16, 2012

Nissan, Mexico’s largest automaker, will consider the country along with the U.S. for a new North American factory to meet demand in both nations, Chief Executive Officer Carlos Ghosn said.

“We will need capacity in North America and yes, there is a high probability that in the future we will be announcing a new plant in Mexico or in the U.S.,” Ghosn told reporters in Mexico City yesterday, without providing a timetable for the decision.

Nissan is already building its third plant in Mexico, breaking ground in July on the $2 billion factory in the central state of Aguascalientes.

Source: Bloomberg