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Nissan to invest $575 million in Brazil plant by 2025

Reuters
·1-min read
The New York International Auto Show, in Manhattan, New York City

RIO DE JANEIRO (Reuters) - Japanese carmaker Nissan will invest 2.8 billion reais ($575.22 million) between 2023 and 2025 in its Resende plant in Brazil to produce two new SUV models, global CEO Makoto Uchida said on Tuesday.

According to Uchida, the new generation of the Nissan Kicks will be one of the vehicles manufactured in Resende, which he said will become a hub for exports to other Latin American countries.

The announcement comes a day after Uchida met with President Luiz Inacio Lula da Silva in Brasilia.

($1 = 4.8677 reais)

(Reporting by Rodrigo Viga Gaier; Editing by Steven Grattan)