Nissan spending almost $1 billion on the Smyrna plant

Nissan estimates that it will spend about $1 billion to construct a new facility that builds electric vehicles in the US, according to just-auto.com’s interview with a Nissan executive. The US government loan, which was granted in June, will cover the costs.

Initial estimates have tagged the facility to cost about 50 billion yen or $516.4 million, which Nissan said was likely to get doubled. According further to the Japanese manufacturer, the Tennessee facility will have three production modules. Each module, which costs $350 million to build, expects a production capacity of about 54,000 battery units per year. Nissan said that it will get a $1.6 billion grant from the US government to produce batteries and cars in Smyrna.
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thstone - 7/10/2009 3:58:19 PM

+1 Boost

Good to know that we have an extra $1,600,000,000 laying around...

bfghemicuda - 7/10/2009 5:54:17 PM

+3 Boost

That money was earmarked for the American car companies to help with advanced technologies. Why are we allowing Nissan to tap these funds. This is absurd

veyron1001 - 7/11/2009 9:26:37 PM

+2 Boost

What like the Dodge Challenger? For GM to increase their platform sharing from 4 to 5 makes? So Ford can gloat about their refinement and quality but all they are doing is taking Mazda's and Volvo's parts and technology? Not an effing chance American automakers deserve it.

bfghemicuda - 7/12/2009 8:25:23 PM

0 Boost

veyron there you go again. proving my point. Your total lack of understanding a subject. Read [if you can read] my comment that said ADVANCED TECHNOLOGY for the american companies.