http://www.twst.com/update/124255-daimler-ag-daimler-and-renault-nissan-alliance-break-ground-for-new-joint-venture-plant-in-mexico

COMPAS is 50:50 owned by Daimler and Nissan. The partners will invest a total of US$1 billion in the joint venture which will oversee the construction and operation of the state-of-the-art manufacturing plant.

We will continue to encourage public and private partnerships to strengthen our position as a base for the world's most important industries."

Daimler and the Renault-Nissan Alliance will also produce the next-generation premium compact cars at other production locations around the world, including Europe and China.

About the Renault-Nissan Alliance Manufacturing Network

The Renault-Nissan Alliance operates 81 manufacturing facilities, including 42 vehicle and 39 powertrain plants, in 27 countries.

The Alliance also has production agreements with local industrial partners in 13 countries, including AVTOVAZ in Russia and Dongfeng Motor in China. In total, 106 plants in the world produce cars and engines for the eight Alliance brands. In 2014, the Alliance produced more than 8 million vehicles, an average of one vehicle every four seconds.