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Nissan says it will invest more than $700 million in Mexico -Breaking

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© Reuters. The brand of Nissan is seen on a automotive forward of a information convention at Nissan’s Sunderland plant in Sunderland, Britain, July 1, 2021. REUTERS/Phil Noble

MEXICO CITY (Reuters) – Japanese automaker Nissan (OTC:) Motor Co stated on Wednesday it can make investments greater than $700 million in Mexico in the course of the subsequent three years to spice up its operations within the nation.

The funding is ready to enhance the amenities, gear and automation procedures in Nissan’s facility situated within the state of Aguascalientes, the corporate stated in an announcement.

“Mexico performs an essential position in Nissan’s international operations, each as one of many important markets for car gross sales, and as an export hub for dozens of markets world wide,” stated Jeremie Papin, Chairperson of Nissan Americas.

The automaker led gross sales and manufacturing in Mexico final 12 months, based on firm information, with a complete of 203,918 items delivered to Mexican prospects.

Mexico is a vital hub for automotive manufacturing, providing entry to the US market with decrease related prices, in addition to aggressive entry to different components of Latin America.

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