Nissan's SUV Production In Mexico Takes Hit As Theft Sparks 6-Month Delay: Report

Nissan Motor Co., Ltd. NSANY will hamper the production of its next "Kicks" SUV model in Mexico by about six months.

The delay is due to an alleged theft of some mold components at a local supplier, Reuters reported, citing the Nikkei newspaper.

The production of the remodeled "Kicks," which was scheduled to start in December, will likely begin around June 2024, the report said.

"Due to an unexpected factor outside the company's control, one of our new-model programs has been slightly delayed," the company said in a statement noted in the report. 

Also Read: 'Alexa, Find EV Charging Stations Near Me' - EVgo Unveils Navigation Experience With Alexa

Price Action: NSANY shares closed lower by 0.47% to $8.49 on Friday. 

Image by Dayron Villaverde from Pixabay

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EquitiesNewsTop StoriesMarketsGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!