With economic problems obviously gripping the planet, many car companies are playing it safe and holding off on investments and improvements that they had in the works. One such company is Nissan and one such improvement is a fair bit of investment in India.
Nissan is holding off on a commitment of money for a new plant in Chennai and is hoping that any recession issues will be resolved soon so that it can commence its plans for expansion in the region. The Times of India reported the news in its business section, adding that Nissan will be holding back as much as 120 million euros from the original investment plan.
The plant was expected to produce based on Nissan’s investment until 2015. The investment was to be shared between Nissan and Renault, but both parties have backed off on the process and are not sure as to when things will pick up again for the plant in Chennai. The facility is still expected to open, but it will likely not operated at full capacity or produce as many vehicles as originally planned.
Rollbacks such as these are being felt across the industry. Nissan cars and trucks are being scaled back in production and many dealerships are suffering, too.
With car companies tweaking line-ups and creating new out of the old, it’s no small wonder that Nissan is unveiling a new, updated GT-R with a higher price tag and a few extra features to satisfy customers. The updated GT-R boasts more power and an elevated chassis along with the elevated price tag, improving handling and giving drivers more pounce for the bounce.


