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Nissan upgrades Mexican plants

07-28-2010 09:29 BJT

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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

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