The rising value of the yen is making it ever more difficult for the Japanese automakers to turn a profit, which has forced Nissan to shift some of its Japanese production. In a bid to cut global costs and safeguard itself against the rising yen, Nissan will shift some of its production from Japan to Mexico.
According to Automotive News, Nissan will be shifting some of its vehicle production from Japan to Mexico. Nissan failed to specifically name which model or models will be making the move, but it’s widely believed the Tiida – marketed under the Versa nameplate here in the U.S. — will be one of the vehicles moving to Mexico. The Tiida is currently produced in Japan and Mexico, with the U.S. already receiving its supply of Versas from south of the border.
The strong value of the yen is becoming increasingly worrisome to the Japanese automakers, with the current collapse in new car sales only compounding the problem. Nissan estimates that every one-yen change in the yen-dollar exchange rate has an $85.7 million impact on operating profit, meaning the yen’s 15 percent growth against the dollar in the last six months has cost the company about $1.3 billion.
02/23, 2:27 PM
posted by:
RaineMan
Now the Japs can be pissed because their jobs are being outsourced too!
02/23, 2:29 PM
posted by:
CADDY-V
GREAT…more jap sh*t even closer to the U.S.
02/23, 2:38 PM
posted by:
carstuff
Wonder what the folks back in Japan will do? They have been hurting a long time and this is just another nail.
02/23, 2:44 PM
posted by:
andy
the gt-r now comes with a mariachi band
02/23, 2:46 PM
posted by:
yarddog82abn
I wonder is one of my uncles can hide me a bottle of Patron in one of the glove compartment?…
02/23, 2:48 PM
posted by:
yarddog82abn
It’s $15.Bucks cheaper over there!….
02/23, 3:03 PM
posted by:
The Stig
Might be the perfect way to smuggle large quantities of sh!t.
02/23, 3:12 PM
posted by:
Mutant@DCX
Ola. If they are moving RHD to Mexico, that would be b!tchslap wouldn’t it!
02/23, 4:08 PM
posted by:
mayer_ray_nagin
….. Would you like a manzana tarta wit dat?
….. Would you like a manzana tarta wit dat?
….. Ding! Versa’s done.
….. Ding! Versa’s done.
….. Ding! Versa’s done.
….. Ding! Versa’s done.
02/23, 4:21 PM
posted by:
Zcarsales
Who doesn’t manufacture cars in Mexico? Why do we have an illegal immigration problem again?
02/23, 4:51 PM
posted by:
Borat
Quality follows assembly cost.
02/23, 5:23 PM
posted by:
atoms
I could see the headlines now “new nissan owner finds mexican family stole away in trunk”
02/23, 5:54 PM
posted by:
e36m
My mother’s versa has had no quality issues of any sort and I clutch drop all the time to get that 3,000 lb fat ass moving with its 120hp.
02/23, 6:34 PM
posted by:
Borat
e36m, keep your family issues to yourself. Really, man
02/24, 1:08 PM
posted by:
hummah
Great now Nissan can blame Mexicans for the crappy build quality just like VW has been doing for years.