Nissan en route to increase Americas vehicle capacity image

The Japanese company is planning to make more vehicles at plants in the Americas, as Nissan commented on having by early next year the ability to build more than 2 million autos annually in the region.

Nissan announced yesterday in a statement they would be spending more than $5 billion to expand capacity in the U.S., Mexico and Brazil. Expansion in the U.S. will help Nissan almost double exports from plants in Tennessee and Mississippi, the company said in a separate release.

This production increase move was planned following Japan’s earthquake and tsunami that caused some supplier disruptions, and after the yen surged to a record high against the dollar, making imports to the U.S. less profitable.

Las year Nissan set the target of getting 85% of vehicles it sells in the U.S. from within North America by 2015, up from 69% in 2011. The company’s North American operations are based in Franklin, Tennessee.

The addition of a third plant in Mexico and a new factory in Brazil, along with upgrades at Nissan’s U.S. plants, will add about 10,000 jobs in North America and South America, the company said.

Via Bloomberg