Nissan Motor Co. will consider Mexico along with the United States for a new North American factory to meet growing demand in both nations, CEO Carlos Ghosn said.
"We will need capacity in North America and yes, there is a high probability that in the future, we will be announcing a new plant in Mexico or the U.S.," Ghosn told reporters Wednesday in Mexico City, without providing a timetable for the decision.
Nissan, the leading automaker in Mexico on a sales basis, is already building a third plant in the country worth $2 billion (about ¥160 billion) in the central state of Aguascalientes after breaking ground in July. The Yokohama-based automaker boosted production in Mexico by 16 percent to more than 583,000 vehicles in the first 10 months of this year, according to the Mexican Automobile Industry Association.