AFP, Rio De Janeiro :
Japanese auto maker Nissan said Monday it will invest $185 million to produce a new model of urban four-wheel-drive car in Brazil, despite the country’s economic crisis.
“Nissan will build a new car, the Nissan Kicks” at its factory in Resende, west of Rio de Janeiro, said the group’s chief executive Carlos Ghosn.
“It is a local product of the Resende factory and will be exported worldwide from Brazil,” he told a news conference in Rio.
He said the company would invest 750 million reals over three years in producing the new model.
