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

  • Study in Finland shows infrastructure is a good investment
    March 28, 2012
    VTT Technical Research Centre of Finland, the University of Oulu and Aalto University in Finland have analysed the financial statements for 2002-2009 of companies, public utilities, and municipal units that own infrastructure, including water services, as well as road, port, airport, railway and electricity networks. Owning infrastructure is relatively risk-free. The most profitable is the energy sector where the return on investment was about 13%. The average annual return on investment of ports was 10%. T
    Read More
  • Solving Detroit’s jams: just ask a Michigan student
    October 17, 2019
    At the Institute of Transportation Engineers annual meeting, a clever student plan to reduce commute times in Detroit suggests the future of the ITS industry is in good hands, write Pete Spiller and Jarrod Cady A team of students from the University of Michigan won a national student Transportation Technology Tournament - sponsored by the National Operations Center of Excellence (NOCoE) and the US Department of Transportation - with a compelling presentation on reducing congestion. In an impressive d
    Read More
  • Transport Ministers declare determination to improve global connectivity
    May 4, 2012
    “Seamless transport is a powerful and ambitious strategic vision for the future of transport systems,” Transport Ministers from 53 member countries stated in a common declaration agreed at the annual Summit of the International Transport Forum on Seamless Transport: Making Connections in Leipzig, Germany. Seamless transport, the declaration says, “drives the development of better mobility and sustainable economic growth”.
    Read More
  • Singapore piloting next-gen congestion management
    July 5, 2012
    NXP Semiconductors has announced it has begun testing a next-generation congestion management system in Singapore. Cars equipped with the company’s 3.5G telematics solution ATOP (automotive telematics on-board unit platform) are currently piloting this urban modern mobility solution.
    Read More

Highlighted Content