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Manufacturing complex will build next-generation premium
compact vehicles

Daimler, Renault-Nissan JV breaks ground for Mexico plant

US, September 8, 2015

Daimler and the Renault-Nissan Alliance today broke ground for their jointventure manufacturing complex, Compas (Cooperation Manufacturing Plant Aguascalientes), in Aguascalientes in central Mexico.

The manufacturing complex will build next-generation premium compact vehicles for the brands Mercedes-Benz and Infiniti, said a statement from the company.

Compass is 50:50 owned by Daimler and Nissan, and each partner will invest a total of $1 billion in the joint venture which will oversee the construction and operation of the state-of-the-art manufacturing plant, it said.
 
The manufacturing complex will have an initial annual production capacity of more than 230,000 vehicles and will create about 3,600 direct jobs by 2020.

Depending on the market development and customer demand, there will be the potential to add additional capacity. Production of Infiniti vehicles will begin in 2017, while the first Mercedes-Benz vehicles will roll off the line in 2018.

In addition to the direct employment it provides, Compas is also expected to generate some 12,000 indirect jobs – largely due to a high localisation rate which will significantly increase the Mexican supply base.

Compas will be led by an international management team from Daimler and Nissan: Ryoji Kurosawa, chief executive officer (CEO), Uwe Jarosch, chief financial officer (CFO), and Glaucio Leite, chief quality officer (CQO).
 
More than 400 guests attended the groundbreaking ceremony, including top officials from both the companies, as well as government officials.

As announced in June 2014, Daimler and the Renault-Nissan Alliance will also cooperate in the development of the next generation premium compact vehicles for the brands Mercedes-Benz and Infiniti.

Markus Schäfer, member of the divisional board of Mercedes-Benz Cars, production and supply chain management, said: “Today marks an important milestone for the partnership between Daimler and the Renault-Nissan Alliance. This new joint plant will help both partners to serve their respective customers faster and with more flexibility.”

“As Mercedes-Benz’ first production location for compact cars in the North American Free Trade Agreement (NAFTA) region, it will also significantly enlarge our footprint here,” he said.

Jose Muñoz, executive vice president, Nissan Motor Co, and chairman, management committee – Nissan North America, said: “Mexico is a global benchmark for quality and efficiency and is a major reason why Daimler and Nissan have decided to produce the next generations of premium compact cars for Mercedes-Benz and Infiniti here in Aguascalientes.” – TradeArabia News Service




Tags: Daimler |

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