Nissan has announced plans to invest more than €130 ($175 / £111) million into their production facility in Barcelona, Spain.

The investment will be used to increase production of the Navara (aka Frontier), build transmissions for the Leaf / eNV200 and assemble a "new passenger car" which is rumored to be the company's Volkswagen Golf competitor. Speaking of the latter, Nissan confirmed the model will go into production in July 2014 and have a targeted output of 80,000 units annually.

Nissan refrained from giving additional information about the model, but it is expected to be a C-segment hatchback that draws inspiration from the Invitation concept. It will reportedly come packed with technology and be offered with 1.2- and 1.5-liter engines.

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