Nissan plans to build a new North American plant in the US or Mexico as it plans to boost production in both markets.
“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., ” said CEO Carlos Ghosn.
In July, Nissan, which is the biggest automaker in Mexico, started building a new $2 billion plant in the central Mexican state of Aguascalientes, being the automaker’s third facility in the region. Mexico’s auto exports are on their way to reach record levels by the end of this year, thanks to automakers’ $7.8 billion investments in the country over the past two years.
From January to October Nissan manufactured 583,334 vehicles in Mexico, an increase of 16% compared with the same period last year. According to the Mexican Automobile Industry Association, during this period Nissan was the biggest auto producer in the country, followed by VW with 520,262 vehicles.
Nissan’s US sales in October dropped 3.2%, mainly due to Hurricane Sandy which hit the US East Coast and caused a loss of 17% of the automaker’s monthly sales. Nissan sold 79,685 vehicles last month, down from 82,346 vehicles sold in October 2011.