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

  • New initiative aims to establish best practice in fleet data strategy
    February 10, 2015
    A new industry body is aiming to improve standards across British business fleets by establishing best practice in the use of fleet data. Fleet Data Insight brings together thought leaders from across the fleet industry, including both operators and suppliers, to share practical advice about using data to achieve operational excellence in fleet performance. Founded by TomTom Telematics, with partners Zurich, the FTA and the Energy Saving Trust, Fleet Data Insight will meet twice a year, using the coll
    Read More
  • Senior Iteris appointment
    July 13, 2012
    Tom Blair, an experienced software industry leader, has joined Iteris and assumed the new position of senior vice president of Iteris’s recently established iPerform group. The group was established in 2011 to focus on the development and deployment of software-based performance measurement and information management solutions. It was expanded with the acquisition of Berkeley Transportation Systems in October 2011, and has since made several key management appointments.
    Read More
  • Marben shows V2X successes at World Congress
    September 8, 2014
    Marben Products is here at the ITS World Congress flushed with major successes achieved this year. The US NHTSA connected vehicle decision and the French government Scoop@F initiative (3,000 vehicles and 2,000 km of roads equipped with V2X) are new significant steps towards the large scale deployment of the Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communication technology.
    Read More
  • US automakers commit to making AEB standard on new vehicles
    March 18, 2016
    Twenty US automakers, representing more than 90 per cent of the US auto market have committed to automatic emergency braking (AEB) a standard feature on virtually all new cars no later than 2022. Making the announcement, the US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) said that the commitment means that this important safety technology will be available to more consumers more quickly than would be possible
    Read More

Highlighted Content