Nissan Motor Co. Ltd. confirms its Jatco Co. transmission unit will begin production of continuously variable transmissions (CVTs) in Mexico in 2005. Nissan reportedly will invest $300 million for a new plant in the Mexican state of Aguascalientes, where it has vehicle assembly plants. Initial production is pegged at 300,000 transmissions annually for the North American market. Jatco, 82%-owned by Nissan, says production will increase to 700,000 units annually in the future as demand for ...
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