It has been reported that Nissan Motor Co. has selected a central Mississippi site for a new North American assembly plant – with a possible cost of close to $1 billion. This development comes at a time when Asian automakers are enjoying a sales boom in the United States.
Korean automaker Hyundai Motor Co. is also scouting U.S. sites for its first North American assembly plant.
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Nissan, partially owned by France’s Renault SA, needs another U.S. manufacturing hub – largely because they have exhausted the skilled labor force in central Tennessee, where it has operated vehicle assembly, engine and transmission plants since the late 1980s.
Nissan have chosen a 1,000-acre site south of Canton, Miss.
Nissan will report preliminary six-month financial results on Oct. 30 and a formal plant announcement could come after the automaker reports final six-month sales and earnings on Nov. 20.
The Mississippi site could eventually employ up to 4,000 workers.
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By GlobalDataAnalysts expect the plant to open as early as 2004 and build light trucks, including pickups, sport-utility vehicles or minivans.
