Photo: bighaber.com
Nissan will invest a total of $1.4 billion in coming years in order to boost one of its production lines near Rio de Janeiro, as the automaker wants to shift the assembly process away from Japan and closer to large consumer markets like Brazil.
The factory will soon be capable of producing 200,000 cars and utility vehicles every year. The new plant will open in three years and will employ 2,000 people.
“Brazil has a level of motorization that is way below its potential. The sales trend over the long term, there’s no doubt in my mind, it’s going to be up. An average of 5 percent increase a year is totally reasonable for Brazil,” Ghosn said today.
The local government is raising taxes on vehicles that have less than 65 percent locally built parts and materials, but the strong yen is also to blame for the move out of Japan.
“Brazil has a level of motorization that is way below its potential. The sales trend over the long term, there’s no doubt in my mind, it’s going to be up. An average of 5 percent increase a year is totally reasonable for Brazil,” Ghosn said today.
The local government is raising taxes on vehicles that have less than 65 percent locally built parts and materials, but the strong yen is also to blame for the move out of Japan.
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