By Nqobile Dludla
MAGALIESBERG, South Africa, July 10 (Reuters) - Nissan
Motor ( NSANF ) is still committed to growing in Africa, with
plans to introduce new SUVs and new variants of existing models,
its Africa president said on Thursday, even as speculation
swirls around the future of its South African plant.
New chief executive Ivan Espinosa unveiled sweeping cost
cuts in May that included plans to shed 15% of the global
workforce and close seven factories worldwide. Battered by
declining sales in the United States and China, Nissan ( NSANF ) faces a
mountain of debt repayment and is scrambling to upgrade its
ageing vehicle line-up.
In May, sources told Reuters that one of the closures being
considered was the Rosslyn plant in South Africa, where Nissan ( NSANF )
assembles its Navara pickup trucks.
Asked about the future of the 59-year-old plant, Nissan
Africa President Jordi Vila said: "We're committed to grow in
Africa and in South Africa, just to be more precise."
"The plant is probably still under study, but there's no
statement I can do today," Vila told reporters at the launch of
Nissan's ( NSANF ) Navara Stealth pickup truck.
The plan for South Africa includes introducing the Patrol
SUV along with two new SUV models next year. This year, Nissan ( NSANF )
launched a commercial panel-van variant of its Magnite compact
SUV to attract business clients, replacing its half-ton NP200
pickup.
On Thursday, it launched a new variant of its popular Navara
pickup truck, called the Stealth, valued from 695,200 rand
($39,200). The 4x4 is aimed at the mid-price range, where Nissan ( NSANF )
is seeing high demand.
Nissan's ( NSANF ) Navara models compete with Toyota's ( TM ) Hilux,
a top-selling pickup in South Africa, Ford's Ranger, and
Isuzu's ( ISUZF ) D-Max range.
South Africa has a huge market for pickup trucks, with
farmers needing off-road reliability, small business owners
looking for capable load-luggers and urbanites who love big
cars.
($1 = 17.7328 rand)