Nissan to build Livinas in Brazil
Detroit, August 24, 2008
Nissan Motor Company said it will start building two passenger cars in Brazil for the first time as it seeks to boost its presence in emerging markets.
Japan's third-largest car maker will build the five-seat Nissan Livina and seven-seat Nissan Grand Livina, which will go on sale next year.
Nissan's announcement comes as domestic rival Suzuki Motor Corporation said it would re-enter Brazil's passenger car market in October, aiming to sell 7,000 Japan-made cars in the first year through a new distribution company.
Higher wages and cheaper credit have pushed up car demand in Brazil, which has become a major market for several international manufacturers.
The country's car market is dominated by global car makers such as Italy's Fiat, Germany's Volkswagen AG, US-based General Motors Corporation and Ford Motor Company, followed by Japanese and French manufacturers. - TradeArabia News Service