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.