Nissan Motor Co. and Daimler AG are finalizing plans to jointly assemble passenger vehicles in Mexico for sale mainly in the North American market, the Nikkei business daily said.
The proposed plant will have an annual production capacity of around 200,000 vehicles and is expected to begin operating in the first half of 2014, the paper said.
The total investment in the factory, which will make vehicles for both car brands, may touch an estimated $1 billion, the Nikkei added.
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