Popular News From Popular Sites: Daimler and Nissan to invest $1.36 billion to build premium small cars

Sunday, June 29, 2014

Daimler and Nissan to invest $1.36 billion to build premium small cars

C-class by Daimler AG is pictured before company's annual news conference in Stuttgart By Edward Taylor and Laurence Frost FRANKFURT/PARIS (Reuters) - Daimler AG and Nissan Motor Co are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands. The companies said they will build a plant with an annual production capacity of 300,000 vehicles in Aguascalientes in central Mexico, where Nissan already has a $2 billion (1.18 billion pounds) manufacturing complex. The first Infiniti cars will roll out of the new plant in 2017, followed a year later by Mercedes, the companies said, with both brands planning to market those vehicles globally.




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