Nissan Plans $1.4 Billion Plant in Brazil to Boost Sales
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Nissan Motor Co. is investing 2.6 billion reais ($1.4 billion) to build an auto-assembly plant near Rio de Janeiro as the carmaker boosts sales in Brazil’s fast-growing market and shifts output from Japan.
The factory in Resende, 100 miles (160 kilometers) west of Rio, will be able to produce 200,000 cars and utility vehicles based on the company’s compact “V” platform, Chief Executive Officer Carlos Ghosn said at an event in Rio today. It will employ 2,000 workers and open in 2014, according to Yokohama-based Nissan, which said it intended to build the plant in June.