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Nissan Motor Co. is squeezing all it can from its U.S. assembly plants and will need to build an entirely new factory if it keeps growing in the lucrative American auto market, a top executive said.

“At some point, we may need it,” Jose Munoz, chairman of Nissan North America, said in an interview, referring to additional production capacity. The addition would have to be a standalone new factory because the company’s existing assembly plants in Tennessee and Mississippi are “maxed out,” he said.

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