According to the sources of Japanese automaker Nissan Motor Co. that it would invest 2.6 billion reais ($1.42 billion) to build a new factory in Brazil as it aims to triple its market share in Latin America's largest economy by 2016.
The new production center, in Resende in Rio de Janeiro state, will have the capacity to produce 200,000 vehicles annually when it starts operating in 2014, Nissan Chief Executive Carlos Ghosn announced on Thursday at an event in Rio.Ghosn, who also heads the Renault-Nissan partnership, made the announcement a day after unveiling a $285 million plan to expand the production of French automaker Renault's cars at an existing factory in the southern state of Parana.Vcommindia News
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