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

  • Key trends and forecasts for the North American and Latin American automotive navigation and telematics services
    July 19, 2012
    According to a new report from Frost & Sullivan, the North and Latin American automotive navigation markets are on the cusp of a shift to connected navigation systems that offer real-time traffic information and local searching options. Navigation systems, whether by original equipment (OE) fitment, aftermarket, or portable navigation device (PND), are feeling the heat of competition from smartphone-based navigation applications. Low-cost smartphone replication technologies are helping navigation markets br
    Read More
  • California traffic deaths drop for fifth consecutive year
    April 20, 2012
    California saw a decline in overall traffic deaths for the fifth year in a row. According to federal government figures, total vehicle fatalities dropped 11.9 per cent, from 3,081 in 2009 to 2,715 in 2010. Since the latest high of 4,333 in 2005, the 2010 figures show a total decline of 37.3 per cent.
    Read More
  • The sunshine subsidy for Colorado’s tollways
    January 10, 2014
    David Crawford reports on energy cost cutting on US highways. Just over a year after switch-on and with two global awards under its belt, the longest solar-powered toll road in the US is generating heightened interest in highway applications of alternative energy. The E-407, which loops around the eastern perimeter of the Denver metropolitan area in Colorado, won the International Bridge, Tunnel and Turnpike Association (IBTTA) President’s Overall Award for Excellence at its September 2013 Annual Meeting in
    Read More
  • New charging network brings electric motoring to UK drivers
    February 26, 2016
    The completion of a new charging network that stretches the length of Britain’s busiest roads makes long-distance, cross-border journeys by electric vehicles (EV) a realistic prospect for millions more drivers in the UK and Ireland. The network stretches from Stranraer in Scotland to Suffolk in the East of England, from Hull in the North East to Holyhead in north-west Wales, connecting with Belfast in Northern Ireland and Dublin in the Republic of Ireland. Each installation includes at least two of t
    Read More

Highlighted Content