Nissan says it will invest more than $700 million in Mexico

div classBodysc17zpet90 cdBBJodivpMEXICO CITY Reuters – Japanese automaker Nissan Motor Co said on Wednesday it will invest more than 700 million in Mexico during the next three years to boost its operations in the country. p

pThe investment is set to improve the facilities, equipment and automation procedures in Nissans facility located in the state of Aguascalientes, the company said in a statement.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“Mexico plays an important role in Nissans global operations, both as one of the main markets for vehicle sales, and as an export hub for dozens of markets around the world,” said Jeremie Papin, Chairperson of Nissan Americas.p

pThe automaker led sales and production in Mexico last year, according to company data, with a total of 203,918 units delivered to Mexican customers.p

pMexico is an important hub for car manufacturing, offering access to the US market with lower associated costs, as well as competitive access to other parts of Latin America.p

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pp Reporting by Valentine Hilaire editing by Stephen Eisenhammerp

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