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Nissan to build $2 billion plant in Mexico

Nissan Motor Co. will build a $2 billion auto assembly plant in Mexico, its third in that country, as it works to outgun rival Honda Motor Co. The plant, in Aguascalientes, Mexico, will have initial capacity to build 175,000 light vehicles annually for the United States, Mexico and Latin America, with plans to expand.

Nissan Micra (2010) first design sketches

By Ben Pulman First Official Pictures 01 October 2009 15:38 This is our first glimpse of the new Nissan Micra, revealed today in two design sketches released by the Japanese car company. Designed to be sold around the world, the new Micra will retain the current car's front-engined, front-wheel drive layout, while three- and five-door bodystyles are expected to be offered. No.

Moody's boosts Ford's credit rating

Moody's Investors Service upgraded Ford Motor Co.'s debt to investment grade, culminating the automaker's six-year struggle to win back the Blue Oval and other assets mortgaged in 2006. Moody's is the second agency to upgrade Ford's debt from junk status, paving the way for the company to recover assets it mortgaged in 2006 to stave off bankruptcy. The company raised $23.5 billion in a move that allowed it to avoid government bailouts or bankruptcy when the industry collapsed in 2008.