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

  • Valuing ITS
    February 2, 2012
    Politicians, policy- and decision-makers need no-nonsense, non-technical answers on which to base investments in ITS. The International Benefits, Evaluation and Costs (IBEC) Working Group can provide them, says its Chair, Richard Harris
    Read More
  • New York’s Midtown in Motion traffic management system wins ITS America award
    June 6, 2012
    ITS America has recognised the New York City Department of Transportation (NYC DoT) for Midtown in Motion, the sophisticated traffic management system launched last July that uses ITS to ease traffic congestion, improve traffic flow, and reduce greenhouse emissions and air pollution on the city’s most congested streets. Coinciding with the award, NYC DoT announced that it is expanding the system, which currently covers 110-square blocks, to cover 270-square blocks in the city’s most heavily congested neighb
    Read More
  • Audi achieves first victory for a hybrid vehicle at Le Mans 24 hours race
    June 19, 2012
    Audi achieved a technological milestone in motorsport at the 80th running of the famous Le Mans 24 Hours in France when its hybrid drive vehicle, the Audi R18 e-tron quattro, triumphed for the first time. The four competing Audi R18 cars were the quickest and most reliable vehicles and after 24 hours occupied positions one, two, three and five.
    Read More
  • Beat the Traffic in line for top award
    May 11, 2012
    Beat the Traffic has been selected as a finalist for Red Herring's Top 100 Americas award, a prestigious list honouring the year's most promising private technology ventures from the North American business region. Finalists for the 2012 edition of the Red Herring 100 Americas award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of compani
    Read More

Highlighted Content