The Sino-Japanese political crisis will lead Nissan to emigrate to Thailand. According to unconfirmed rumors, the Japanese automaker will double its production in the Southeast Asian country thanks to the construction of a new plant near Bangkok at a cost of 30 billion yen ($376 million). The new factory in Samut Prakan province will be built next to an existing Nissan plant, which miraculously survived the floods that hit the country last year. The new factory, which is expected to open in 2014, will produce 100 vehicles a year with plans to grow to 200. Nissan, which currently produces 200 cars in the country, will see its output double in Thailand and increase its market share to 15% by 2016.
A Nissan spokesman in Bangkok declined to comment on the rumors, saying only that the group 'soon will make an announcement regarding its Thai business'. The move comes as Japanese automakers are cutting production in China amid plummeting sales amid tensions between Beijing and Tokyo over control of a group of islands in the China Sea.
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