Did you know that there is rogue SUV production? Not to worry, it will be brought under control: Nissan will move production of its Rogue crossover from Kyushu, Japan, where it is built now, to Smyrna, Tennessee in 2013, Nissan’s America chief Carlos Tavares told The Nikkei [sub] today.
The move will bring more than 100,000 units to the U.S., and probably more jobs to Tennessee. “One of the biggest challenge is the strength of the Japanese yen and the impact it has on our profitability,” Tavares said. The yen is stands at 83 to the dollar, and it makes no moves of getting cheaper. At these rates, exporting from Japan is a money losing proposition.
Tavares figures that total global auto sales in 2010 by all makers were 72 million, up from 62 million in 2009. For this year Tavares expect “no less than 73 million.”