Nissan, Daimler looking to make cars together in Mexico

Automotive News reports that Nissan and Daimler may team up on a joint-assembly plant in Mexico. The two automakers are currently finalizing plans that could see a facility open by 2014 to produce up to 200,000 vehicles per year for the North American market. If the project gets the green light from both automakers, the endeavor will cost around $1 billion. Nissan, Renault and Daimler entered into an alliance in 2010 to produce engines and vehicles. This move would be the latest fruit of that endeavor. One proposal has Nissan fielding the cost of construction, leaving Daimler to take on a capital stake in operating the facility.

Automotive News reports that Daimler has declined to comment on the project. If realized, the plant would be the first Mexican facility to produce Mercedes-Benz passenger vehicles in the country. As of right now, Daimler's plants in the country are responsible for building large trucks and buses.