- CNTV English - CCTV News

Nissan upgrades Mexican plants

07-28-2010 09:29 BJT

Watch Video

Play Video

Nissan is investing heavily in its Mexican production plants, making it the company's export hub for the Americas. Nissan shares rose on news 600 million dollars would be used to upgrade the plants, where three new models will be built.

Nissan said Tuesday it would spend $600 million to upgrade its Mexican plants, positioning the country to become a key supply hub.

Japan's No.3 automaker will produce three low-cost cars there, including its Micra compact by early next year, likely priced at around $10,000.

Nissan expects to produce 300,000 cars a year at the plants, with 80 percent exported elsewhere in the Americas.

The Micra car, named March in Japan, is seen as Nissan's main hope for boosting sales in emerging markets.

Separately, Nissan said Monday it would recall some 51,000 Cube compacts in North America after U.S. safety regulators said a fuel leak could cause fire after a crash.

The Japanese automaker had already suspended sales and shipments of Cubes from Japan to North America, although no injuries or crashes have been reported.

Shares of Nissan were higher in midday trade on Tuesday, outperforming the auto sector.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program