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

“At some point, we may need it,” said Jose Munoz, chairman of Nissan North America, on Friday in reference to more U.S. production capacity. The addition would have to be a standalone new factory because the company’s existing plants in Tennessee and Mississippi are “maxed out,” Munoz said during an interview in Detroit.

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