Nissan Investing in Mexico with $2 Billion Factory Expansion

Nissan is expanding the facility that it already has in Aguascalientes, Mexico, with a $2 billion investment that will increase production and directly employ 3,000 people. 

The expanded facility and the current facility will be able to share resources, and a new supplier park will be built on the site. It will increase Nissan's total employment in Mexico to 13,500 people. The new facility will be set up at first to build Nissan's B-segment models, and it will increase output of those vehicles to 175,000 per year. Specifically, the expansion will be for installation body, trim and chassis components.

"Together with our new plant in Brazil, this new manufacturing facility in Aguascalientes is an important pillar in our strategy to ensure that Nissan has the capacity it needs to increase sales volume and market share across the Americas," said Nissan CEO Carlos Ghosen. 

Nissan already considers this expansion just a first phase and intends to enlarge the Aguascalientes even more in the future. In 2011, Nissan built over 600,000 vehicles in Mexico. In the near future, it wants to expand that to 1 million. 

"No other automaker is investing in Mexico more than Nissan," said Jose Munoz, president and general director, of Nissan Mexico.

Nissan also just announced that it will complete a factory in Brazil in the first half of 2014.