Nissan plans 1.5 billion investment in auto factory in Brazil

Japan’s number two automaker plans to invest US$1.5 billion to build a factory in Brazil that might produce electric cars. “They’re talking about producing 220,000 cars per year … budget cars, electric cars, three or four models” and the most likely sites for the plant are in Rio de Janeiro state. An official announcement is expected early next month, according to local media reports. Read Article