Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Nissan to delay new SUV production by 6 months in Mexico due to stolen mold -Nikkei

Published 09/04/2023, 09:00 PM
Updated 09/04/2023, 09:06 PM
© Reuters. FILE PHOTO: The brand logo of Nissan Motor Corp. is displayed during a press preview of the company's new Ariya all-battery SUV, ahead of the world premiere, at Nissan Pavilion in Yokohama, south of Tokyo, Japan July 14, 2020.   REUTERS/Issei Kato/File Ph
7201
-
NSANY
-

TOKYO (Reuters) - Nissan (OTC:NSANY) Motor will delay the start of production of its next "Kicks" SUV model in Mexico by about six months after some mold components were stolen at a local supplier, the Nikkei newspaper reported on Tuesday.

Production of the remodelled "Kicks" had been due to start in December, but will now likely begin around June 2024, the paper said.

Nissan declined to provide specifics but confirmed the delay.

"Due to an unexpected factor outside the company's control, one of our new-model programmes has been slightly delayed," it said in a statement. "We have no further details to share at this time."

Nissan builds the Kicks at its Aguascalientes plant in Mexico for sale in the North American market. The model accounted for 8% of its U.S. sales last year, with about 54,000 units sold, the Nikkei said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.