September sales at Nissan clocked in at almost 103,000, an increase of more than 18 percent from the number of a year ago and ahead of industry expectations. The company's flagship Altima sedan posted flat numbers, but its Sentra and Versa models showed very big gains. The company's truck segment also put up strong growth of almost 31 percent, with the Frontier and revamped Rogue both up about 50 percent from a year ago. Check out the full numbers here.
Global auto parts manufacturer Magna International has signed a deal to buy fellow Canada-based company Techform for an undisclosed amount. The deal, which is set to close in the coming weeks, will add three plants to Magna's network. One of those is in Portland, where Techform has been doing business as Mechanical Components of Tennessee and cranking out latch and hinge systems as well as seat parts and other products.
Word of Magna's Techform deal comes four weeks after the company said it plans to invest $16 million in Spring Hill and hire more than 350 people for a new seat assembly plant.
The Nissan Group reported August sales of more than 134,000 vehicles, with 15 percent growth at Nissan and a more than 20 percent drop at Infiniti producing an overall growth rate of 11.5 percent. Still, that number was more than double the pace of the industry as a whole. Sales of the top-selling Altima rose only slightly, but the company's Sentra, Versa and Rogue models all drew at least 24 percent more buyers versus a year earlier. Also worth noting: TrueCar says Nissan was one of the few large auto makers that didn't grow its discounts versus August 2013.
Global auto parts manufacturer Magna International will spend $16 million to build its fifth Tennessee factory just north of General Motors' Spring Hill complex — which is getting two new models in the coming years — where it will build seat assemblies. The company, which also runs a plant in Columbia, plans to hire 357 people for Spring Hill over the next two years, with 75 workers to start. And it is moving quickly to get ready for GM: Its new 122,500-square-foot facility is expected to be up and running by January.
"This new facility demonstrates our commitment to GM in delivering high-quality products through our world-class manufacturing initiatives," said Mike Bisson, president of Magna Seating. "We are pleased to support our customer and look forward to potential growth opportunities."
Magna is one of the bigger names in the auto supplier sector. The company runs more than 60 manufacturing or assembly plants across the United States and employes more than 23,000 people.
Nissan North America Chairmam José Muñoz is now also leading — at least on an interim basis — the operations of the company's Infiniti brand after the departure of Nissan Motor Co. Chief Planning Officer Andy Palmer for Aston Martin. Palmer had been filling in for Johan de Nysschen, who in July left Infiniti for Cadillac. Hans Greimel at Automotive News has the rundown and addresses chatter about a larger brain drain at Nissan's mothership.
CarCharging has taken over the operations and maintenance of 27 Blink electric vehicle charging stations in Davidson County. The stations had been installed and owned by Ecotality, which filed for bankruptcy almost a year ago and then sold its Blink assets to Florida-based CarCharging.
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