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

  • 5,000-hour durability milestone for transit bus fuel cell system
    February 1, 2012
    UTC Power, a United Technologies Corporation company, has announced one of its latest generation PureMotion Model 120 fuel cell powerplants for hybrid-electric transit buses has surpassed 5,000 operating hours in real-world service with its original cell stacks and no cell replacements.
    Read More
  • China Telecom selects Gemalto contactless payment
    March 24, 2015
    Amsterdam-based digital security provider Gemalto is to provide China Telecom with a mobile contactless payment solution using its UpTeq Multi-tenant NFC SIMs to deploy secure NFC transport services in China's two largest cities, Shanghai and Beijing. China Telecom is a leading operator in the country with more than 183 million subscribers. This deployment will enable up to 45 million daily commuters to travel on the metro and pay for everyday purchases with a simple tap of their smartphone. The NFC SIMs ar
    Read More
  • TransCore upgrades Delaware DMV customer service centre
    August 15, 2013
    Delaware is set to become the first US state to combine E-ZPass and Division of Motor Vehicles (DMV) call centre services when TransCore completes the upgrade and expansion of the DMV and E-ZPass customer service centres. After a competitive bid process, TransCore was awarded the US$30 million, three-year base term contract with multiple extension options and will install the system in parallel with the existing service centre operations while relocating to a new DMV facility. Project completion is expected
    Read More
  • ITS America focuses on the environment
    March 13, 2012
    ITS America's appointment of a Director of Environmental Affairs signals a major new focus
    Read More

Highlighted Content