Renault-Nissan Alliance invests $160 million in Korea

Renault-Nissan Alliance will invest US$160 million in Korea to meet anticipated demand for the next-generation Nissan Rogue and to accelerate growth of Renault Samsung Motors. Production of Nissan Rogue crossover in Busan, Korea, will begin in 2014, with an annual capacity of about 80,000 units. This year the plant aims to build about 180,000 vehicles for sale in Korea and 60 other countries.
July 23, 2012 Read time: 1 min
RSS2453 Renault-838 Nissan Alliance will invest US$160 million in Korea to meet anticipated demand for the next-generation Nissan Rogue and to accelerate growth of Renault Samsung Motors. Production of Nissan Rogue crossover in Busan, Korea, will begin in 2014, with an annual capacity of about 80,000 units. This year the plant aims to build about 180,000 vehicles for sale in Korea and 60 other countries.

"Adding production in Korea shows a commitment across the Alliance to helping Renault Samsung Motors achieve its targets for cost competitiveness and growth," said Renault-Nissan Alliance chairman and CEO Carlos Ghosn. "The Busan announcement represents a unique 'win-win-win' for Renault, Nissan and RSM, demonstrating the flexibility and power of the Alliance for all partners -- and I am counting on every RSM employee to contribute to the successful completion of this project."

Formed in 1999, the Renault-Nissan Alliance achieved a record 8.03 million vehicle sales in 2011 in nearly 200 countries. Brands include Renault, Nissan, 4777 Infiniti, 1973 Dacia and Renault Samsung Motors.

For more information on companies in this article

Related Content

  • Volvo warns EU on its approach to electric vehicles and its transport white paper
    March 22, 2012
    Volvo Car Corporation warns that EU targets for cutting carbon dioxide emissions are being jeopardised by the absence of harmonised incentives to consumers. Another key issue is the urge for continuous support to automotive research and development, including electromobility. Stefan Jacoby, president and CEO of Volvo Car Corporation, told an industry seminar in Brussels yesterday that jobs, investment and competitiveness in the European car industry could be threatened by the European Commission's approach
    Read More
  • IBTTA 2013 Toll Excellence award winners announced
    June 4, 2013
    The International Bridge, Tunnel and Turnpike Association (IBTTA), the worldwide transportation association has announced the winners of its 2013 Toll Excellence Award competition that recognises excellence, innovation and achievement in the tolling industry. “This year’s submissions were particularly innovative,” said Patrick D. Jones, executive director and CEO of IBTTA. “There were many great examples of operations, technology, customer service and social responsibility, which made it difficult for our j
    Read More
  • IBTTA 2011 Annual Meeting highlights developing trends in tolling
    January 26, 2012
    Alain Estiot, chief meeting organiser of this year's IBTTA Annual Meeting and Exhibition, talks about hot topics for discussion. The IBTTA's 79th Annual Meeting and Exhibition, which takes place this year in Berlin in September, will once again take many of the developing trends from around the world and look at their effects on the tolling sector. Host organisation Toll Collect's Alain Estiot, chief meeting organiser, says that the event has to be viewed against a backdrop of major global change.
    Read More
  • Increasing and improving disabled access to public transport
    January 25, 2012
    An overview of European efforts to increase disabled access to public transport, by David Crawford
    Read More

Highlighted Content