This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Nissan To Boost Americas Production Capacity To More Than 2 Million Units In 2014

Stocks in this article: NSANY

IRVINE, Calif., Aug. 26, 2013 /PRNewswire/ -- By early 2014, Nissan's production capacity will eclipse two million units in the Americas, driven by recently added capacity at its U.S. plants, as well as new facilities in Mexico and Brazil.

(Photo:  http://photos.prnewswire.com/prnh/20130826/CL69642) (Logo:  http://photos.prnewswire.com/prnh/20080506/NISSANWORDMARKLOGO)

In response to strong growth opportunities throughout the region and in an effort to isolate the company from volatility in global currencies, Nissan is rapidly expanding its manufacturing footprint in the Americas region with an investment of more than $5 billion USD in new plants and increased production volumes. To support this aggressive growth and expansion, the company is adding more than 10,000 jobs across the region, with much of the hiring complete or underway.

Nissan has been the market share leader in Mexico for 50 consecutive months and will be further bolstered there by an all-new $2 billion USD manufacturing complex, supplier park and quality proving ground in Aguascalientes, which is nearing construction completion. During the initial phase of its development, the new complex will support production of up to 175,000 units annually of Nissan's 'B' platform products and complement Nissan's two existing Mexican manufacturing facilities in Aguascalientes and Cuernavaca.

Construction is also in progress for an all-new $1.5 billion USD manufacturing complex in Resende, Brazil, which will have annual capacity for 200,000 'V' Platform vehicles with production slated for the first half of 2014. The first plant of its kind for Nissan in South America will provide much-needed production volume to support Nissan's goal for market share growth in Brazil. In 2012, Nissan was the top-growing automaker in Brazil for the third consecutive year.

In addition, production of 4-cylinder gasoline engines for Infiniti and Mercedes-Benz models will begin in early 2014 at an all-new Renault-Nissan Alliance powertrain plant in Decherd, Tenn. The project is a joint venture with Daimler, with an installed capacity of 250,000 units per year.

Americas Region Production Capacities

  • Canton, Miss. Vehicle Assembly Plant - 450,000
  • Smyrna, Tenn. Vehicle Assembly Plant - 550,000
  • Aguascalientes, Mexico Vehicle Assembly Plant - 380,000
  • Aguascalientes II, Mexico Vehicle Assembly Plant (2013) - 175,000
  • Cuernavaca, Mexico Vehicle Assembly Plant - 316,000
  • Resende, Brazil Vehicle Assembly Plant (2014) - 200,000
  • Curitiba, Brazil Vehicle Assembly* - 32,000

*Production at Renault facility. Capacity figure is based on actual CY2012 production.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs