It will employ 750 people working on a single shift and will initially manufacture a single model, the aforementioned Teana. And speaking of this particular car, it is quite successful in Russia, although it comes at an average price of $32,000. Since its official launch last year, Nissan sold a total of 8,000 units, the aforementioned source wrote, citing data provided by AvtoStat.
The new facility will also host the production of the second-generation Nissan X-Trail, which is often referred to as one of the most popular Nissan models in Russia, with sales totaling 38,000 units since its official launch in July 2007.
What's interesting is that Nissan is quite the only automaker in the region than eyes a strong growth in China as Ford turned to production cuts following decreasing demand. Ford's St. Petersburg plant was idled for two weeks starting May 25, with employees receiving only two-thirds of their salaries.
"The global economic recession and financial crisis continue, but we are beginning to see some signs of improved access to credit, the impact of government stimulus packages and a gradual return in consumer confidence," said in mid-May Nissan President and CEO Carlos Ghosn. "We remain cautious about the economic environment and fully focused on our company's recovery efforts."