Nissan VP: By the end of fiscal year, Infiniti cars will be produced in Mexico
Nissan is going ahead with plans to build premium-segment cars in Mexico despite U.S. President Donald Trump threats to fix a “big border tax” to vehicles and other imported products if NAFTA is not renegotiated.
Nissan Vice President Joji Tagawa told during a conference the plant is on track to start producing vehicles this year. “As of today we are on track, in line with the schedule and by the end of the fiscal year our new Infiniti cars will be produced there,” Tagawa said according to Japanese media.
Nissan and Daimler broke ground in 2015 on the facility in Aguascalientes, saying they would invest US$ 1 billion in a factory that would make vehicles for their Infiniti and Mercedes-Benz respective brands.
The automaker has several other production plants in Mexico, where it makes more than 800,000 vehicles annually.
Nissan also said during the briefing its April-December net profit dropped 8.5 percent to ¥414.2 billion (US$ 3.7 billion), while sales and operating profit fell 7.6 percent and 14.3 percent, respectively.