tiprankstipranks
The Fly

Nissan’s Mexican JV with Mercedes-Benz halves car output, Nikkei reports

Nissan’s Mexican JV with Mercedes-Benz halves car output, Nikkei reports

Nissan (NSANY) is slashing production levels at a joint venture manufacturing plant in Mexico, operated with Mercedes-Benz (MBGYY), by roughly 50%, Nikkei Asia’s Azusa Kawakami reports. The move comes in an effort to reduce costs amid a slump in U.S. sales for the automaker’s Infiniti luxury vehicles.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com