Nissan to increase vehicle production in Mexico

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Nissan Motor Company (NASDAQ: NSANY) (TYO: 7201), a Japan-based automaker, is expecting its vehicle production to increase significantly in Mexico for 2012, according to director Jose Luis Valls.

The automaker aims to increase vehicle production by 20 percent to 25 percent over 2011, when the company produced 607,087 units. Nissan is the largest producing automaker in Mexico, exporting to 115 countries.

Earlier this year Nissan launched a $2 billion investment plan in Mexico to build its third plant in the country, which is expected to start operations by the end of 2013.

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